Post Utme Oau 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2020 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 2022, shows the following: Sales = ₦15,000,000, Cost of goods sold = ₦10,000,000, Operating expenses = ₦2,000,000, and Net income = ₦1,500,000. What is the company's gross profit?

Answer Options

Correct Answer A. ₦5,000,000
B. ₦4,500,000
C. ₦4,000,000
D. ₦3,500,000
Correct Answer
A
Correct Option:
₦5,000,000

About This Question

This is Post Utme Oau 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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