Post Utme Ksu 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦1,000,000, sold goods for ₦1,500,000, and paid salaries of ₦200,000. What is the company's net profit?

Answer Options

Correct Answer A. ₦500,000
B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Ksu 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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