Post Utme Uniport 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company has the following ledger balances: Purchases ₦8000, Sales ₦15000, Cost of Goods Sold ₦8000, Gross Profit ₦7000. Prepare a statement of profit or loss for the year ended 31st December 2020.

Answer Options

A. ₦1250
Correct Answer B. ₦1500
C. ₦1750
D. ₦2000
Correct Answer
B
Correct Option:
₦1500

About This Question

This is Post Utme Uniport 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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