Post Utme Madonna University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: - Purchases: ₦1,200,000 - Carriage Inward: ₦20,000 Credit: - Sales: ₦1,500,000 - Carriage Outward: ₦30,000 Determine the gross profit for the year.

Answer Options

Correct Answer A. ₦300,000
B. ₦200,000
C. ₦100,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Madonna University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

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