Post Utme Ui 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company has the following transactions in its incomplete records: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | 10,000 | | | 15 Jan | Sales | | 15,000 | | 20 Jan | Purchases | 8,000 | | | 25 Jan | Cash | | 12,000 | Calculate the net profit or loss for the period.

Answer Options

A. £ 7,000
Correct Answer B. £ 8,000
C. £ 9,000
D. £ 10,000
Correct Answer
B
Correct Option:
£ 8,000

About This Question

This is Post Utme Ui 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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