Post Utme Uniosun 2022 Accounting Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2022 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNIOSUN • 2022 • ACCOUNTING • objective

A company uses the departmental accounting method. The company's financial statements for the year ended December 31, 2022, show the following: Sales Revenue = ₦1,000,000, Cost of Goods Sold = ₦800,000. What is the gross profit for the year?

Answer Options

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

About This Question

This is Post Utme Uniosun 2022 Accounting Question 40. It is one of the objective questions from the 2022 Post Utme Uniosun Accounting examination.

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