Post Utme Uniosun 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 is as follows: Sales: ₦1,500,000, Cost of Goods Sold: ₦900,000, Gross Profit: ₦600,000. Calculate the company's net profit for the year.

Answer Options

A. ₦600,000
B. ₦900,000
Correct Answer C. ₦1,200,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Uniosun 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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