Post Utme Abu 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchase of equipment for ₦100,000, Sale of goods for ₦150,000, and Purchase of inventory for ₦80,000. Calculate the net income of the company.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Abu 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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