Post Utme Eksu 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Eksu Accounting examination.

Post Utme Eksu 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_EKSU • 2017 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the beginning inventory is ₦50,000, the purchases during the year are ₦120,000, and the cost of goods sold is ₦180,000, what is the ending inventory?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Eksu 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Eksu Accounting examination.

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