Post Utme Unilorin 2023 Accounting Question 5

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

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company's profit and loss account as at 31st December 2022 is as follows: Sales: ₦500,000 Cost of Goods Sold: ₦300,000 Gross Profit: ₦200,000 What is the net profit recorded in the profit and loss account?

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦100,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

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

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