Post Utme Uniosun 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company's trial balance shows the following: Sales ₦100,000, Purchases ₦80,000, Gross Profit ₦20,000. What is the company's net profit?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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