Post Utme Rhema University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company prepares a trading account for the year ended December 31, 2023. The company's sales revenue is ₦500,000, and its cost of goods sold is ₦350,000. What is the gross profit for the year?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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