Post Utme Lasu 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A company uses the accrual basis of accounting. The company's accounts payable at the end of the year is 20,000. If the company's purchases during the year were 100,000, and the company's accounts payable at the beginning of the year was 10,000, what is the company's cost of goods sold?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Lasu 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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