Post Utme Greenfield University 2025 Commerce Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2025 Commerce Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader, Mr. A, has the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st | Cash | ₦10,000 | | | 5th | Goods sold | | ₦15,000 | | 10th | Rent | ₦5,000 | | | 15th | Cash | ₦20,000 | | | 20th | Goods purchased | ₦8,000 | | | 25th | Cash | ₦15,000 | | | 31st | Goods sold | | ₦20,000 | What is the total profit for the month of January?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2025 Commerce Question 17. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.

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