Post Utme Oau 2021 Accounting Question 26
Practice objective / multiple choice question 26 from the 2021 Post Utme Oau Accounting examination.
A company uses the single entry system of accounting. The following transactions were recorded in the journal: Debit: Purchases 10,000, Sales 15,000, Wages 8,000, Rent 2,000, Utilities 1,000, Salaries 3,000, Credit: Purchases 15,000, Sales 10,000, Wages 12,000, Rent 3,000, Utilities 2,000, Salaries 4,000. What is the net profit for the period?
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About This Question
This is Post Utme Oau 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.
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