Post Utme Coal City University 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales ₦500,000, Cost of Goods Sold ₦300,000, and Profit ₦200,000. What is the correct balance in the Profit account?

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
N/A

About This Question

This is Post Utme Coal City University 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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