Post Utme Greenfield University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following ledger balances at the beginning of the year: Debtors: ₦20,000 Creditors: ₦15,000 The following transactions were recorded during the year: Sales: ₦50,000 Purchases: ₦30,000 Prepare the trading and profit and loss account for the year.

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Greenfield 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