Post Utme Pan Atlantic University 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's control account for the year ended 31st December 2017 is as follows: Purchases: ₦5,000,000 Sales: ₦10,000,000 Cost of Goods Sold: ₦8,000,000 Calculate the balance of the control account.

Answer Options

A. ₦2,000,000
B. ₦3,000,000
Correct Answer C. ₦4,000,000
D. ₦5,000,000
Correct Answer
C
Correct Option:
₦4,000,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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