Post Utme Aaua 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A manufacturing company has the following transactions for the year ended December 31, 2022: Cost of goods sold: ₦500,000 Selling expenses: ₦150,000 Administrative expenses: ₦100,000 What is the net profit for the year?

Answer Options

A. ₦450,000
Correct Answer B. ₦500,000
C. ₦550,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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