Post Utme Osustech 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Osustech Accounting examination.

Post Utme Osustech 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_OSUSTECH • 2023 • ACCOUNTING • objective

A manufacturing company has the following departmental accounts: Selling Department: Sales: ₦100,000 Cost of Goods Sold: ₦80,000 Purchasing Department: Purchases: ₦120,000 Returns: ₦10,000 What is the net profit of the company?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Osustech 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.

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