Post Utme Elizade University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A trader's trial balance as at 31st December, 2019 showed: Capital Account ₦50,000, Drawings ₦20,000, Sales ₦150,000, Purchases ₦100,000, Rent Received ₦10,000, Rent Paid ₦5,000. Prepare the Trading and Profit and Loss Account for the year.

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Elizade University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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