Post Utme Oau 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000; Returns Outwards: ₦50,000; Returns Inwards: ₦20,000. Calculate the gross profit for the year.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Oau 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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