Post Utme Uniosun 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2022 showed the following balances: Purchases ₦120,000, Sales ₦180,000, Returns Inwards ₦10,000, Returns Outwards ₦5,000. Prepare the trading and profit and loss account for the year.

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Uniosun 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Uniosun 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