Post Utme Ksu 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Ksu Accounting examination.

Post Utme Ksu 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_KSU • 2018 • ACCOUNTING • objective

A manufacturing company has the following ledger balances: Work-in-Progress (₦1,200,000), Finished Goods (₦800,000), and Cost of Goods Sold (₦1,500,000). What is the company's gross profit?

Answer Options

A. ₦400,000
B. ₦600,000
Correct Answer C. ₦800,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Ksu 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Ksu Accounting examination.

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