Post Utme Unilag 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company has the following single entry records: Purchases: ₦150,000, Sales: ₦200,000, Returns Outwards: ₦10,000, Returns Inwards: ₦5,000. Prepare the journal entries for the period.

Answer Options

Correct Answer A. Purchases A/c Dr. ₦150,000, Sales A/c Dr. ₦200,000
B. Purchases A/c Dr. ₦160,000, Sales A/c Dr. ₦190,000
C. Purchases A/c Dr. ₦170,000, Sales A/c Dr. ₦180,000
D. Purchases A/c Dr. ₦180,000, Sales A/c Dr. ₦190,000
Correct Answer
A
Correct Option:
Purchases A/c Dr. ₦150,000, Sales A/c Dr. ₦200,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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