Post Utme Crawford University 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's financial statements for the year ended 31 December 2020 are as follows: Revenue ₦500,000, Cost of Goods Sold ₦300,000, Operating Expenses ₦100,000. Calculate the net profit for the year.

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support