Post Utme Aaua 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's departmental accounts show the following balances: Sales ₦100,000, Cost of Goods Sold ₦60,000, Gross Profit ₦40,000. What is the net profit?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Aaua 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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