Post Utme Joseph Ayo Babalola University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Sales ₦1,500,000, Cost of Goods Sold ₥0,000,000, Gross Profit ₡1,500,000. Calculate the company's net profit.

Answer Options

A. ₦0,750,000
B. ₦1,000,000
Correct Answer C. ₦1,250,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,250,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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