Post Utme Abu 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company's financial statements show a net income of ₦50,000. However, the company's cash flow statement shows a net cash outflow of ₦20,000. What is the correct net income of the company?

Answer Options

A. ₦50,000
Correct Answer B. ₦30,000
C. ₦20,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Abu 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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