Post Utme Veritas University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice

Question 12 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000. What is the company's net profit?

Answer Options

A. ₦150,000

Correct Answer B. ₦200,000

C. ₦250,000

D. ₦300,000

Correct Answer

Correct Option:

₦200,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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