Post Utme Nile University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following information for its trial balance: Sales: ₦500,000, Purchases: ₦300,000, Returns Outwards: ₦20,000, Returns Inwards: ₦10,000. What is the total value of sales and purchases for the month?

Answer Options

A. ₦800,000
B. ₦820,000
Correct Answer C. ₦840,000
D. ₦860,000
Correct Answer
C
Correct Option:
₦840,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support