Post Utme Rhema University 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's income statement for the year ended 31st December 2024 is as follows: Sales: ₦1,500,000; Cost of Goods Sold: ₦900,000; Operating Expenses: ₦200,000. Calculate the company's net profit.

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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