Post Utme Pan Atlantic University 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Debit: Sales: ₦1,500,000 Purchases: ₦1,200,000 Returns inwards: ₦50,000 Returns outwards: ₦20,000 Credit: Cost of goods sold: ₦1,300,000 What is the value of the company's opening stock?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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