Post Utme Mountain Top University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's income statement shows the following information: Sales Revenue ₦200,000, Cost of Goods Sold ₦120,000, Operating Expenses ₦30,000, and Net Income ₦30,000. What is the gross profit?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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