Post Utme Uniben 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company has a profit and loss account as follows: Sales ₦500,000, Cost of Goods Sold ₦300,000, and Gross Profit ₦200,000. What is the company's net profit?

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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