Post Utme Afe Babalola University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's single entry system shows the following transactions: | Date | Particulars | ₦ | | --- | --- | --- | | 1st Jan | Sales | 10,000 | | 2nd Jan | Purchases | 8,000 | | 3rd Jan | Returns Outwards | 2,000 | | 4th Jan | Returns Inwards | 1,000 | What is the net profit for the period?

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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