Post Utme Uniport 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 20X8 is as follows: Debit: ₦ 50,000 (purchases) ₦ 10,000 (carriage inwards) ₦ 5,000 (bad debts) Credit: ₦ 70,000 (sales) ₦ 2,000 (discounts allowed) What is the net profit from trading?

Answer Options

A. ₦ 3,000
Correct Answer B. ₦ 5,000
C. ₦ 7,000
D. ₦ 9,000
Correct Answer
B
Correct Option:
₦ 5,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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