Post Utme Madonna University 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦200,000. What is the gross profit?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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