Post Utme Uniben 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2020 is as follows: Sales: ₦500,000; Purchases: ₦300,000; Returns Outwards: ₦20,000; Returns Inwards: ₦15,000; Wages: ₦100,000; Rent: ₦50,000. Prepare the Trading and Profit & Loss Account for the year.

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 13. It is one of the objective questions from the 2020 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.

Unlock Full Access Available for Android & Windows
Chat with Support