Post Utme Aaua 2021 Accounting Question 16
Practice objective / multiple choice question 16 from the 2021 Post Utme Aaua Accounting examination.
The following is an extract from the financial statements of a company: Trading Account: Sales: ₦1,500,000 Cost of Goods Sold: ₦1,200,000 Gross Profit: ₦300,000 Profit and Loss Account: Gross Profit: ₦300,000 Operating Expenses: ₦150,000 Net Profit: ₦150,000 Balance Sheet: Assets: ₦1,500,000 Liabilities: ₦1,200,000 Equity: ₦300,000 What is the amount of net profit shown in the financial statements?
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About This Question
This is Post Utme Aaua 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.
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