Post Utme Eksu 2021 Accounting Question 5

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

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A company has the following information for the year ended December 31, 2022: Sales ₦5,000,000; Returns ₦200,000; Cost of goods sold ₦3,500,000. Calculate the gross profit for the year.

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,200,000
C. ₦1,100,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

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

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