Post Utme Nile University 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account for the year ended 31st December shows the following: | Particulars | Debit | Credit | | --- | --- | --- | | Sales | 100,000 | | | Purchases | | 80,000 | | Returns Outwards | | 5,000 | | Returns Inwards | 2,000 | | | Carriage Inwards | | 10,000 | | Carriage Outwards | 15,000 | | Prepare the trading account.

Answer Options

A. Cost of Goods Sold: 93,000, Gross Profit: 7,000
B. Cost of Goods Sold: 87,000, Gross Profit: 13,000
Correct Answer C. Cost of Goods Sold: 90,000, Gross Profit: 10,000
D. Cost of Goods Sold: 95,000, Gross Profit: 5,000
Correct Answer
C
Correct Option:
Cost of Goods Sold: 90,000, Gross Profit: 10,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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