Post Utme Pan Atlantic University 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's control account for the year ended 31st December 2021 shows the following transactions: purchases of ₦1,000,000, sales of ₦2,000,000, and returns of ₦300,000. Calculate the company's cost of goods sold.

Answer Options

Correct Answer A. ₦1,700,000
B. ₦1,800,000
C. ₦1,900,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,700,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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