Post Utme Achievers University 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's single entry system for the year ended 31st December 2022 is as follows: Debit: Purchases £ 120,000 Credit: Sales £ 150,000 Determine the amount of profit or loss for the year.

Answer Options

A. £ 30,000
B. £ 40,000
C. £ 50,000
Correct Answer D. £ 60,000
Correct Answer
D
Correct Option:
£ 60,000

About This Question

This is Post Utme Achievers University 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.

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