Post Utme Abu 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company uses the perpetual inventory system. The following transactions were recorded: Purchase of goods 10,000, Sale of goods 15,000. What is the cost of goods sold?

Answer Options

A. 5,000
Correct Answer B. 7,000
C. 10,000
D. 12,000
Correct Answer
B
Correct Option:
7,000

About This Question

This is Post Utme Abu 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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