Post Utme Aaua 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company uses the accrual basis of accounting. The following transactions occurred during the year: Revenue: ₦150,000 Expenses: ₦80,000 What is the net income for the year?

Answer Options

Correct Answer A. ₦70,000
B. ₦70,000
C. ₦70,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦70,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support