Post Utme Achievers University 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: Sundry Expenses £ 12,000 Wages £ 30,000 Rent £ 18,000 Credit: Sales £ 150,000 Purchases £ 120,000 Determine the net profit or loss for the year.

Answer Options

A. £ 18,000
B. £ 30,000
C. £ 12,000
Correct Answer D. £ 42,000
Correct Answer
D
Correct Option:
£ 42,000

About This Question

This is Post Utme Achievers University 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.

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