Post Utme Bells University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Bells University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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