Post Utme Bowen University 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods available for sale at the beginning of the year is ₦1,500,000. During the year, purchases amounting to ₦2,000,000 were made, and the cost of goods sold was ₦1,800,000. Calculate the value of closing stock.

Answer Options

Correct Answer A. ₦700,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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