Post Utme Pan Atlantic University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's single entry system shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Sales | | 10,000 | | 2nd Jan | Purchases | 8,000 | | | 3rd Jan | Cash | | 2,000 | What is the net profit for the period?

Answer Options

A. ₦2,000
B. ₦4,000
Correct Answer C. ₦6,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦6,000

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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