Post Utme Oau 2020 Accounting Question 7
Practice objective / multiple choice question 7 from the 2020 Post Utme Oau Accounting examination.
A company's trading account for the year ended 31st December 20X7 is as follows: Debit: ₦ 50,000 (Purchases) ₦ 10,000 (Direct Expenses) ₦ 20,000 (Carriage Inwards) ₦ 5,000 (Freight Inwards) Credit: ₦ 80,000 (Sales) ₦ 15,000 (Direct Expenses) Calculate the gross profit for the year.
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This is Post Utme Oau 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.
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