Waec Model Questions Vol1 2025 Financial Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 5 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A company reports sales of ₦1,000,000 and cost of goods sold of ₦600,000. If the company has operating expenses of ₦200,000, what is the net profit for the company?

Answer Options

A. ₦100,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 5. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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