Post Utme Achievers University 2021 Accounting Question 40
Practice objective / multiple choice question 40 from the 2021 Post Utme Achievers University Accounting examination.
A company uses a self-balancing ledger to account for its sales and purchases. The ledger has the following accounts: | Account | Debit | Credit | | --- | --- | --- | | Sales | ₦100,000 | | | Purchases | | ₦80,000 | | Cost of Goods Sold | ₦20,000 | | | Gross Profit | | ₦120,000 | What is the total gross profit?
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About This Question
This is Post Utme Achievers University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Achievers University Accounting examination.
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