Post Utme Crawford University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions in its trial balance: | Account | Debit | Credit | | --- | --- | --- | | Sales | ₦100,000 | | | Cost of Goods Sold | | ₦80,000 | | Profit | | ₦20,000 | Calculate the net profit.

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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