Post Utme Abu 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company's profit and loss statement shows net sales of ₦50,000,000 and cost of goods sold of ₦30,000,000. What is the company's gross profit?

Answer Options

Correct Answer A. ₦20,000,000
B. ₦20,000,000
C. ₦20,000,000
D. ₦20,000,000
Correct Answer
A
Correct Option:
₦20,000,000

About This Question

This is Post Utme Abu 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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