Post Utme Noun 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2025 • ACCOUNTING • objective

A company's trading account shows the following transactions: (i) sales ₦100,000, (ii) purchases ₦80,000, (iii) returns outwards ₦5,000, and (iv) returns inwards ₦2,000. What is the correct gross profit?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Noun 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

View More Post Utme Noun 2025 Accounting Questions More Post Utme Noun Practice Questions Back to Questions

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