Post Utme Lasu 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold for the year is ₦1,500,000. The beginning inventory is ₦300,000, and the ending inventory is ₦400,000. What is the value of net purchases for the year?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lasu 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.

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