Post Utme Unilorin 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company's profit and loss account shows the following accounts: Sales ₦1,000,000, Cost of Goods Sold ₦600,000, Gross Profit ₦400,000, Operating Expenses ₦150,000. What is the net profit?

Answer Options

Correct Answer A. ₦250,000
B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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