Post Utme Ui 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, shows the following: Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. What is the company's gross profit?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Ui 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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