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Question 36

A company made a net profit of ₦2,000,000 for the year and its net profit percentage is 25%. What is the total sales for the year?

  • A.₦8,000000
  • B.₦6,00000
  • C.800,000
  • D.₦500,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2014
Question no.
#36
Type
Objective
Previous · Q35The accounting concept which states that expenditure involving insignificant… Next · Q37 Which of the following information is recorded in the returns outwards book?

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