Post Utme Unn 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2023 is as follows: Sales: ₦ 500,000 Purchases: ₦ 300,000 Returns Outwards: ₦ 20,000 Returns Inwards: ₦ 10,000 What is the gross profit for the year?

Answer Options

A. ₦ 190,000
B. ₦ 200,000
Correct Answer C. ₦ 210,000
D. ₦ 220,000
Correct Answer
C
Correct Option:
₦ 210,000

About This Question

This is Post Utme Unn 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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