Post Utme Christopher University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000; Returns Outwards: ₦50,000; Returns Inwards: ₦20,000. Calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Christopher University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support