Post Utme Wellspring University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 is as follows: Sales: ₦1,500,000; Purchases: ₦1,200,000. Calculate the gross profit for the year.

Answer Options

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

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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