Post Utme Skyline University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company prepares a trial balance. The following accounts are listed: Debit: Raw Materials ¡ 50,000, Work-in-Progress ¡ 30,000, Finished Goods ¡ 20,000, and Sales ¡ 40,000. Credit: Purchases ¡ 60,000, Wages ¡ 25,000, and Cost of Goods Sold ¡ 55,000.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Skyline University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Skyline University Accounting examination.

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