WAEC Accounting 2023 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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The gross profit is
- A. D 49,360.
- B. D 49,220.
- C. D 48,620.Correct
- D. D 45,860.
Explanation
Gross profit = Net sales (195,000 - 620 = 194,380) - Cost of goods sold (159,860 - 14,100 = 145,760) = D48,620.
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