Post Utme Uniosun 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: Sundry expenses: ₦120,000 Wages: ₦150,000 Rent: ₦80,000 Credit: Sales: ₦600,000 Returns inwards: ₦20,000 What is the net profit for the year?

Answer Options

Correct Answer A. ₦250,000
B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Uniosun 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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