Post Utme Uniosun 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2019 is as follows: Debit: Sales: ₦1,500,000 Purchases: ₦1,200,000 Credit: Cost of Goods Sold: ₦1,000,000 What is the company's gross profit for the year?

Answer Options

Correct Answer A. ₦500,000
B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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