Post Utme Ims U 2022 Accounting Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 40 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company has the following trial balance: Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, and Net Income ₦20,000. What is the ratio of cost of goods sold to net income?

Answer Options

A. 2:1
B. 4:1
Correct Answer C. 1:2
D. 1:4
Correct Answer
C
Correct Option:
1:2

About This Question

This is Post Utme Ims U 2022 Accounting Question 40. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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