Post Utme Afe Babalola University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the perpetual inventory system. The following data is available: Beginning inventory ₦20,000, Purchases ₦30,000, and Sales ₦40,000. What is the cost of goods sold?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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