Post Utme Eksu 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31 December 20X8 is as follows: | Particulars | ₦ | Particulars | ₦ | | --- | --- | --- | --- | | Sales | 200,000 | Purchases | 150,000 | | Returns Outwards | 10,000 | Returns Inwards | 5,000 | | Total | 210,000 | Total | 155,000 | Calculate the gross profit for the year.

Answer Options

Correct Answer A. ₦55,000
B. ₦55,500
C. ₦56,000
D. ₦56,500
Correct Answer
A
Correct Option:
₦55,000

About This Question

This is Post Utme Eksu 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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