Post Utme Achievers University 2022 Accounting Question 28
Practice objective / multiple choice question 28 from the 2022 Post Utme Achievers University Accounting examination.
A company uses the single-entry system of accounting. The journal entries for the month of January are as follows: Debit Cash: ₦10,000, Credit Accounts Payable: ₦5,000, Debit Sales Revenue: ₦20,000, Credit Cost of Goods Sold: ₦15,000. What is the net income of the company?
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This is Post Utme Achievers University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.
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