Post Utme Covenant University 2017 Accounting Question 13
Practice objective / multiple choice question 13 from the 2017 Post Utme Covenant University Accounting examination.
A company's profit and loss account for the year ended 31st December 2022 is as follows: Sales: ₦1,500,000; Cost of Goods Sold: ₦1,200,000; Gross Profit: ₦300,000; Operating Expenses: ₦100,000; Net Profit: ₦200,000. Calculate the company's gross profit percentage.
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This is Post Utme Covenant University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.
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