Post Utme Unilorin 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's single entry system shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Sales | ₦20,000 | | | 2 Jan | Purchases | | ₦15,000 | | 3 Jan | Cash | ₦10,000 | | | 4 Jan | Bank | | ₦8,000 | What is the net profit for the period?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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