Post Utme Eksu 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

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: ₦1,000,000 Gross Profit: ₦500,000 Operating Expenses: ₦200,000 Profit Before Tax: ₦300,000 Tax: ₦100,000 Profit After Tax: ₦200,000 What is the company's net profit 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 Eksu 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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