Post Utme Rhema University 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2023 showed a gross profit of ₦2,500,000. The company's operating expenses were ₦1,200,000. What was the company's net profit for the year?

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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