Post Utme Aaua 2022 Accounting Question 38
Practice objective / multiple choice question 38 from the 2022 Post Utme Aaua Accounting examination.
A company's trading account for the year ended December 31, 2022, is as follows: | Account | Debit | Credit | | --- | --- | --- | | Sales Revenue | ₦500,000 | ₦0 | | Cost of Goods Sold | ₦300,000 | ₦0 | | Gross Profit | ₦200,000 | ₦0 | | Total | ₦800,000 | ₦0 | Calculate the company's net profit for the year.
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About This Question
This is Post Utme Aaua 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.
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