Post Utme Abu 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company has the following trial balance: Accounts Receivable 10,000, Sales Revenue 100,000, and Cost of Goods Sold 50,000. What is the gross profit for the period?

Answer Options

A. 50,000
Correct Answer B. 75,000
C. 50,000
D. 25,000
Correct Answer
B
Correct Option:
75,000

About This Question

This is Post Utme Abu 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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