Post Utme Ims U 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's trading account for the year ended December 31, 2022, is as follows: Debit: Sales £ 500,000 Cost of Goods Sold £ 300,000 Credit: Purchases £ 200,000 calculate the net profit for the year.

Answer Options

Correct Answer A. £ 150,000
B. £ 200,000
C. £ 250,000
D. £ 300,000
Correct Answer
A
Correct Option:
£ 150,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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