Post Utme Unilag 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Unilag Accounting examination.

Post Utme Unilag 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNILAG • 2023 • ACCOUNTING • objective

A company's profit and loss account shows the following: | Revenue | ₦ | Cost of Goods Sold | ₦ | | --- | --- | --- | --- | | Sales | 100,000 | Direct Materials | 20,000 | | | | Direct Labour | 30,000 | | | | Overheads | 40,000 | What is the gross profit?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Unilag 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Unilag Accounting examination.

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