Post Utme Unn 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales: ₦100,000, Cost of Goods Sold: ₦60,000, Gross Profit: ₦40,000. What is the net profit?

Answer Options

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

About This Question

This is Post Utme Unn 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support