Post Utme Lautech 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice

Question 20 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's income statement shows the following balances: Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Net Income ₦50,000. What is the gross profit?

Answer Options

Correct Answer A. ₦50,000

B. ₦20,000

C. ₦30,000

D. ₦10,000

Correct Answer

Correct Option:

₦50,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

View More Post Utme Lautech 2024 Accounting Questions More Post Utme Lautech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support