Post Utme Abu 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company has two departments, A and B, with the following production costs and sales revenue for the year: Department A: Cost of Goods Sold: ₦1,500,000 Selling and Administrative Expenses: ₦800,000 Total Revenue: ₦2,500,000 Department B: Cost of Goods Sold: ₦1,200,000 Selling and Administrative Expenses: ₦600,000 Total Revenue: ₦2,000,000 What is the total profit for the year?

Answer Options

A. ₦500,000
Correct Answer B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Abu 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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