Post Utme Joseph Ayo Babalola University 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year ended 31 Dec 20XX is as follows: | Particulars | ₦ | | --- | --- | --- | | Sales | 100,000 | | Purchases | 80,000 | | Cost of Goods Sold | | 20,000 | What is the gross profit?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

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