Post Utme Noun 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Profit ₦150,000. What is the correct amount of Gross Profit?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Noun 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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