Post Utme Mountain Top University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following incomplete records: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Sales | 10,000 | | | 5-Jan | Purchases | | 8,000 | | 10-Jan | Sales | 12,000 | | | 15-Jan | Purchases | | 9,000 | | 20-Jan | Sales | 15,000 | | | 25-Jan | Purchases | | 12,000 | Determine the net profit for the month of January.

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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