Post Utme Coal City University 2017 Accounting Question 42

Practice objective / multiple choice question 42 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 42 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's manufacturing account shows a cost of goods sold of ₦400,000. The company's selling price is ₦600,000. What is the company's gross profit?

Answer Options

A. ₦200,000
B. ₦250,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 42. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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