Post Utme Rhema University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2022 is as follows: Sales ₦500,000, Cost of Goods Sold ₦300,000, Operating Expenses ₦100,000. Calculate the company's gross profit for the year.

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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