Post Utme Afe Babalola University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company prepares a trial balance. The following accounts are listed: Sales: ₦100,000, Cost of Goods Sold: ₦80,000. What is the gross profit?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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