Post Utme Summit University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A trial balance is prepared for XYZ Ltd. The following accounts are included: Sales, Cost of Goods Sold, and Net Profit. What is the correct order of these accounts in the trial balance?

Answer Options

Correct Answer A. Sales, Cost of Goods Sold, Net Profit
B. Cost of Goods Sold, Sales, Net Profit
C. Net Profit, Sales, Cost of Goods Sold
D. Cost of Goods Sold, Net Profit, Sales
Correct Answer
A
Correct Option:
Sales, Cost of Goods Sold, Net Profit

About This Question

This is Post Utme Summit University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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