Post Utme Osustech 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 is as follows: Debit: Sales: ₦1,500,000 Cost of Goods Sold: ₦1,200,000 Returns Inwards: ₦50,000 Credit: Purchases: ₦1,000,000 Returns Outwards: ₦20,000 What is the net profit from trading activities?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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