Post Utme Aaua 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦100,000, Sales Revenue ₦500,000, and Cost of Goods Sold ₦200,000. What is the company's net income?

Answer Options

Correct Answer A. ₦300,000
B. ₦200,000
C. ₦100,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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