Post Utme Mountain Top University 2017 Accounting Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Mountain Top University Accounting examination.
A company uses a trial balance to account for its financial transactions. The trial balance has the following accounts: Sales, Purchases, Cost of Goods Sold, and Gross Profit. The company's sales for the period are ₦1,200,000, and its purchases for the period are ₦900,000. The company's cost of goods sold for the period is ₦600,000. What is the company's gross profit for the period?
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About This Question
This is Post Utme Mountain Top University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.
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