Post Utme Futo 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company prepares a trading account for the year. The company's sales are ₦1,000,000 and the company's purchases are ₦900,000. What is the company's gross profit?

Answer Options

Correct Answer A. ₦100,000
B. ₦900,000
C. ₦1,000,000
D. ₦0
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Futo 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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