Post Utme Madonna University 2025 Accounting Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 3 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold for the year is ₦500,000. The beginning inventory is ₦100,000 and the ending inventory is ₦150,000. What is the value of net purchases for the year?

Answer Options

Correct Answer A. ₦450,000
B. ₦400,000
C. ₦500,000
D. ₦550,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 3. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

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