Post Utme Unn 2019 Accounting Question 41

Practice objective / multiple choice question 41 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 41 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦150,000 on credit, sold goods for ₦200,000 on credit, and paid ₦50,000 in cash. Prepare the income statement for the above transactions.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Unn 2019 Accounting Question 41. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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