Post Utme Achievers University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company's journal entry for the month includes the following transactions: Debit Cash ₦100,000, Credit Accounts Payable ₦50,000, and Debit Sales Revenue ₦200,000, what is the company's net income for the month?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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