Post Utme Elizade University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ELIZADE_UNIVERSITY • 2018 • 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; Carriage Inward: ₦50,000; Carriage Outward: ₦20,000. Calculate the gross profit for the year.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support