Post Utme Aaua 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales Revenue, Cost of Goods Sold, and Net Income. The trial balance shows a balance of ₦100,000 in the Sales Revenue account and a balance of ₦80,000 in the Cost of Goods Sold account. What is the amount of the company's net income?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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