Post Utme Pan Atlantic University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦10,000, Sales Revenue ₦20,000, Cost of Goods Sold ₦15,000. What is the net profit of the company?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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