Post Utme Unilorin 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: ₦0,000 to purchases ₦0,000 to carriage inwards ₦0,000 to direct labour expenses ₦0,000 to factory overheads ₦0,000 to sales returns inwards Credit: ₦0,000 to sales ₦0,000 to opening stock ₦0,000 to closing stock Calculate the net profit for the year.

Answer Options

A. ₦0,000
Correct Answer B. ₦0,500
C. ₦1,000
D. ₦1,500
Correct Answer
B
Correct Option:
₦0,500

About This Question

This is Post Utme Unilorin 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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