Post Utme Uniport 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2021 is as follows: Debit: Sundry purchases: ₦120,000 Wages: ₦30,000 Rent: ₦15,000 Credit: Sundry sales: ₦180,000 Commission received: ₦10,000 Calculate the net profit for the year.

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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