Post Utme Unn 2025 Accounting Question 47

Practice objective / multiple choice question 47 from the 2025 Post Utme Unn Accounting examination.

Post Utme Unn 2025 Accounting Objective / Multiple Choice
Question 47 POST_UTME_UNN • 2025 • ACCOUNTING • objective

A company's self-balancing ledger shows the following balances: Sales ₦100,000, Purchases ₦60,000, Cost of Goods Sold ₦40,000. What is the gross profit of the company?

Answer Options

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

About This Question

This is Post Utme Unn 2025 Accounting Question 47. It is one of the objective questions from the 2025 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