Post Utme Noun 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2023 is as follows: Sales: ₦1,800,000; Purchases: ₦1,200,000; Returns Outwards: ₦30,000; Returns Inwards: ₦10,000. Calculate the gross profit for the year.

Answer Options

Correct Answer A. ₦300,000
B. ₦320,000
C. ₦340,000
D. ₦360,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Noun 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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