Post Utme Achievers University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2022, are as follows: Revenue ₦1,500,000, Cost of Goods Sold ₦800,000, Gross Profit ₦700,000, Operating Expenses ₦200,000, Net Income ₦500,000. Prepare the income statement.

Answer Options

Correct Answer A. ₦1,900,000
B. ₦1,300,000
C. ₦1,500,000
D. ₦1,800,000
Correct Answer
A
Correct Option:
₦1,900,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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