Post Utme Unn 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Purchases £10,000, Sales £20,000, Returns Inwards £2,000, Returns Outwards £1,000, Wages £4,000, Rent £3,000. Prepare a statement of profit or loss for the year ended 31st December 2018.

Answer Options

Correct Answer A. Statement of profit or loss for the year ended 31st December 2018
B. Statement of changes in equity for the year ended 31st December 2018
C. Statement of comprehensive income for the year ended 31st December 2018
D. Statement of financial position as at 31st December 2018
Correct Answer
A
Correct Option:
Statement of profit or loss for the year ended 31st December 2018

About This Question

This is Post Utme Unn 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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