Post Utme Rsu 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice

Question 30 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.

A. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000

Correct Answer B. Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000

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

Correct Option:

Sales ₦100,000, Cost of Goods Sold ₦80,000, Salaries ₦20,000

This is Post Utme Rsu 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support