Post Utme Covenant University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2017 • 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

A. ₦1,300,000
Correct Answer B. ₦1,350,000
C. ₦1,400,000
D. ₦1,450,000
Correct Answer
B
Correct Option:
₦1,350,000

About This Question

This is Post Utme Covenant University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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