Post Utme Summit University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A manufacturing company has the following data for the year ended 31 Dec: | Department | Sales | Cost of Goods Sold | Gross Profit | | --- | --- | --- | --- | | A | ₦100,000 | ₦60,000 | ₦40,000 | | B | ₦80,000 | ₦48,000 | ₦32,000 | | C | ₦120,000 | ₦72,000 | ₦48,000 | What is the total gross profit for the year?

Answer Options

A. ₦120,000
B. ₦140,000
Correct Answer C. ₦160,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦160,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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