Post Utme Aaua 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's profit and loss account shows the following: | Particulars | ₦ | Particulars | ₦ | | --- | --- | --- | --- | | Sales | 100,000 | Cost of Goods Sold | 80,000 | | Gross Profit | 20,000 | Operating Expenses | 10,000 | | Net Profit | 10,000 | | | What is the company's net profit?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Aaua 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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