Post Utme Veritas University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's profit and loss account shows a gross profit of ₦1,000,000 and a net profit of ₦500,000. What is the operating profit?

Answer Options

A. ₦400,000
Correct Answer B. ₦500,000
C. ₦600,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Veritas University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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