Post Utme Ims U 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's trial balance showed the following balances: Sales ₦1,500,000, Cost of Goods Sold ₦1,200,000, and Profit ₦300,000. What is the company's net profit?

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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