Post Utme Crawford University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double entry system of accounting. The company's trial balance as at 31st December 2023 is as follows: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦100,000, and Dividends ₦20,000. Prepare the company's trading and profit and loss account for the year.

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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