Post Utme Bells University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Bells University Accounting examination.

Post Utme Bells University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BELLS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 20X7 is as follows: Gross Profit: ₦600,000; Operating Expenses: ₦400,000. Calculate the net profit for the year.

Answer Options

A. ₦200,000
B. ₦300,000
Correct Answer C. ₦400,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Bells University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Bells University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support