Post Utme Ims U 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company has a trial balance that includes the following accounts: Sales (₦100,000), Purchases (₦80,000), and Cost of Goods Sold (₦60,000). Calculate the gross profit.

Answer Options

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

About This Question

This is Post Utme Ims U 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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