Post Utme Coal City University 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000; Returns outwards: ₦20,000; Returns inwards: ₦15,000. Calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦1,185,000
B. ₦1,200,000
C. ₦1,205,000
D. ₦1,210,000
Correct Answer
A
Correct Option:
₦1,185,000

About This Question

This is Post Utme Coal City University 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.

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