Post Utme Rhema University 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A trader purchases goods on credit for ₦150,000. He sells the goods for ₦200,000 and incurs a bank charge of ₦5,000. What is the profit made by the trader?

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Rhema University 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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