Post Utme Rhema University 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2021 is as follows: Sales ₦1,000,000, Cost of Goods Sold ₥0,000,000, Gross Profit ₥1,000,000. Calculate the company's net profit for the year.

Answer Options

Correct Answer A. ₥1,000,000
B. ₥1,000,000
C. ₥1,000,000
D. ₥1,000,000
Correct Answer
A
Correct Option:
₥1,000,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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