Post Utme Pan Atlantic University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦100,000 on credit, Sold goods for ₦120,000 on credit, and Purchased goods for ₦80,000 for cash. What is the total amount of goods sold on credit?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦80,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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