Post Utme Abu 2017 Accounting Question 5
Practice objective / multiple choice question 5 from the 2017 Post Utme Abu Accounting examination.
A company has the following financial statements: | Account | Balance Sheet | Income Statement | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Accounts Payable | ₦0 | ₦30,000 | | Sales | ₦0 | ₦100,000 | | Cost of Goods Sold | ₦80,000 | ₦0 | | Net Income | ₦20,000 | ₦0 | What is the company's net income?
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About This Question
This is Post Utme Abu 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.
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