Post Utme Abu 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Profit ₦150,000. What is the company's gross profit?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Abu 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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