Post Utme Rsu 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company has the following transactions: Sale of goods for ₦100,000, Purchase of goods for ₦80,000, and Salaries ₦20,000. Prepare the income statement.

Answer Options

A. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000
B. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000
Correct Answer C. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000
D. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000
Correct Answer
C
Correct Option:
Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000

About This Question

This is Post Utme Rsu 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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