Post Utme Crawford University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A trading company's trial balance as at 31st December, 2018 is as follows: Sales ₦1,500,000, Cost of Goods Sold ₦900,000, Rent ₦200,000, and Miscellaneous ₦150,000. What is the company's net profit for the year?

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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