Post Utme Nile University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: Sales: ₦1,500,000 Purchases: ₦1,200,000 Wages: ₦150,000 Rent: ₦50,000 Credit: Returns Outwards: ₦20,000 Returns Inwards: ₦30,000 Calculate the gross profit for the year.

Answer Options

Correct Answer A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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