Post Utme Skyline University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a profit and loss account as follows: Sales ₦5,000,000, Cost of Goods Sold ₦3,000,000, and Gross Profit ₦2,000,000. What is the company's net profit?

Answer Options

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

About This Question

This is Post Utme Skyline University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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