Post Utme Mountain Top University 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trading account for the year ended 31 December 2023 is as follows: Debtors: ₠ 50,000 Creditors: ₠ 30,000 Sales: ₠ 500,000 Purchases: ₠ 350,000 Calculate the net profit for the year.

Answer Options

Correct Answer A. ₠ 120,000
B. ₠ 140,000
C. ₠ 160,000
D. ₠ 180,000
Correct Answer
A
Correct Option:
₠ 120,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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