Post Utme Futa 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 20X7 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000; Carriage Inward: ₦50,000; Carriage Outward: ₦20,000. Calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦1,230,000
B. ₦1,250,000
C. ₦1,270,000
D. ₦1,300,000
Correct Answer
A
Correct Option:
₦1,230,000

About This Question

This is Post Utme Futa 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Futa 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