Post Utme Ims U 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company uses the perpetual inventory system. The company's inventory account shows a balance of ₦150,000. The company's cost of goods sold is ₦200,000. What is the company's gross profit?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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