Post Utme Afe Babalola University 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: | Particulars | Debit | Credit | | --- | --- | --- | | Sales | 1,000,000 | | | Purchases | | 800,000 | | Returns Outwards | | 20,000 | | Returns Inwards | 10,000 | | What is the gross profit for the year?

Answer Options

A. ₦120,000
Correct Answer B. ₦140,000
C. ₦160,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦140,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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