Post Utme Noun 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company has a trading account as follows: ₦1,000,000 in sales, ₦800,000 in purchases, and ₦200,000 in cost of goods sold. Calculate the company's gross profit.

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Noun 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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