Post Utme Bowen University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Sales: ₦500,000 Returns Outwards: ₦20,000 Returns Inwards: ₦10,000 Cost of Goods Sold: ₦300,000 Determine the company's gross profit for the year.

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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