Post Utme Summit University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following trading account: Sales ₦500,000, Purchases ₦300,000, Returns Outwards ₦20,000, Returns Inwards ₦10,000. What is the gross profit of the company?

Answer Options

A. ₦150,000
B. ₦180,000
Correct Answer C. ₦200,000
D. ₦220,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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