Post Utme Caleb University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company prepares a trading account for the year ended December 31, 2021. The company's sales revenue is ₦500,000 and its cost of goods sold is ₦350,000. What is the company's gross profit?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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