Post Utme Futa 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦80,000, sold goods for ₦120,000, and paid salaries of ₦40,000. What is the net profit of the company?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Futa 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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