Post Utme Uniben 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company's income statement for the year ended 31st December 2023 is as follows: ₦1,200,000 in sales, ₦800,000 in cost of goods sold, ₦300,000 in operating expenses, and ₦200,000 in net income. Calculate the company's gross 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 Uniben 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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