Post Utme Ksu 2021 Accounting Question 19
Practice objective / multiple choice question 19 from the 2021 Post Utme Ksu Accounting examination.
A company uses the self-balancing ledger system of accounting. The company's ledger account for the year ended 31st December, 2020, shows the following balances: Sales ₦1,000,000, Cost of Goods Sold ₦0,500,000, and Net Income ₥0,500,000. What is the company's gross profit for the year ended 31st December, 2020?
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About This Question
This is Post Utme Ksu 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.
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