Post Utme Ims U 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Sales: ₦500,000; Cost of Goods Sold: ₦300,000; Gross Profit: ₦200,000; Operating Expenses: ₦150,000; Net Profit: ₦50,000. What is the correct net profit?

Answer Options

Correct Answer A. ₦50,000
B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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