Post Utme Skyline University 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year shows the following: Sales: ₦500,000 Returns Outwards: ₦20,000 Returns Inwards: ₦10,000 Cost of Goods Sold: ₦300,000 Calculate the gross profit.

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Skyline University 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Skyline University Accounting examination.

Master the Exam!

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