Post Utme Osustech 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company has a trading department that sells goods worth ₦500,000 and incurs a cost of goods sold of ₦300,000. If the company also has a non-trading income of ₦20,000, what is the net profit?

Answer Options

A. ₦120,000
Correct Answer B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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