Post Utme Mountain Top University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following trial balance: Sales 100,000, Cost of Goods Sold 60,000, and Net Income 40,000. Calculate the gross profit.

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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