Post Utme Elizade University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's manufacturing account shows a cost of goods sold of ₦1,200,000. However, the company's balance sheet shows a cost of goods sold of ₦1,500,000. What is the reason for the discrepancy?

Answer Options

A. The company has a non-manufacturing expense.
B. The company has a non-manufacturing income.
Correct Answer C. The company has a manufacturing loss.
D. The company has a manufacturing asset.
Correct Answer
C
Correct Option:
The company has a manufacturing loss.

About This Question

This is Post Utme Elizade University 2018 Accounting Question 4. 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