Post Utme Igbinedion University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's income statement shows the following information: ₦1,500,000 in revenue, ₦1,000,000 in expenses, and ₦500,000 in net income. What is the company's gross profit?

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,250,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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