Post Utme Osustech 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A company's financial year ends on 31st December. The following transactions occurred during the year: Purchase of office equipment for ₦120,000, sale of goods for ₦500,000, and payment of rent for ₦150,000. Prepare the trading and profit and loss account for the year.

Answer Options

Correct Answer A. ₦350,000
B. ₦450,000
C. ₦550,000
D. ₦650,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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