Post Utme Al Hikmah University 2023 Accounting Question 25
Practice objective / multiple choice question 25 from the 2023 Post Utme Al Hikmah University Accounting examination.
A company's profit and loss account for the year ended 31st December 2022 is as follows: | Particulars | ₦ | | --- | --- | | Sales | 100,000 | | Cost of Goods Sold | 60,000 | | Gross Profit | 40,000 | | Operating Expenses | 20,000 | | Net Profit | 20,000 | What is the company's gross profit percentage?
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This is Post Utme Al Hikmah University 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.
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