Post Utme Uniben 2019 Accounting Question 8
Practice objective / multiple choice question 8 from the 2019 Post Utme Uniben Accounting examination.
A company's final accounts are as follows: Trading account: Sales: ₦250,000 Purchases: ₦200,000 Cost of goods sold: ₦180,000 Gross profit: ₦70,000 Profit and loss account: Salaries and wages: ₦100,000 Rent: ₦20,000 Purchases: ₦150,000 Sales: ₦200,000 Determine the net profit or loss for the year.
Answer Options
About This Question
This is Post Utme Uniben 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.