Post Utme Futa 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Sales: ₦2,500,000; Purchases: ₦1,800,000. Calculate the gross profit for the year.

Answer Options

Correct Answer A. ₦700,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Futa 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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