Post Utme Ims U 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's trial balance as at 31st December 2023 is as follows: Sales ₦1,500,000, Cost of Goods Sold ₦900,000, and Net Profit ₦600,000. What is the company's gross profit?

Answer Options

A. ₦600,000
Correct Answer B. ₦700,000
C. ₦800,000
D. ₦900,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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