Post Utme Lead City University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦500,000. The company's cost of goods sold is ₦2,000,000. The company's sales revenue is ₦3,000,000. What is the company's gross profit?

Answer Options

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

About This Question

This is Post Utme Lead City University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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