Post Utme Nile University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 2024, is as follows:

Answer Options

Correct Answer A. Sales 1,000,000, Cost of Goods Sold 200,000, Gross Profit 800,000
B. Sales 1,000,000, Cost of Goods Sold 100,000, Gross Profit 900,000
C. Sales 1,000,000, Cost of Goods Sold 0, Gross Profit 1,000,000
D. Sales 1,000,000, Cost of Goods Sold 500,000, Gross Profit 500,000
Correct Answer
A
Correct Option:
Sales 1,000,000, Cost of Goods Sold 200,000, Gross Profit 800,000

About This Question

This is Post Utme Nile University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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