Post Utme Ui 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December shows the following: | Particulars | ₦ | ₦ | | --- | --- | --- | | Sales | 100,000 | | | Purchases | | 80,000 | | Returns Outwards | | 5,000 | | Returns Inwards | 2,000 | | | Carriage Inwards | | 10,000 | | Carriage Outwards | 15,000 | | | Discount Allowed | | 2,000 | | Discount Received | 1,000 | | What is the gross profit?

Answer Options

A. ₦ 15,000
B. ₦ 20,000
Correct Answer C. ₦ 25,000
D. ₦ 30,000
Correct Answer
C
Correct Option:
₦ 25,000

About This Question

This is Post Utme Ui 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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