Post Utme Crawford University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance contains the following accounts: Sales ₦500,000, Cost of Goods Sold ₦300,000, and Profit ₦200,000. Prepare the company's statement of profit or loss for the year.

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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