Post Utme Achievers University 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following ledger accounts: Accounts Payable: ₦120,000, Sales Revenue: ₦150,000, Cost of Goods Sold: ₦80,000, and Common Stock: ₦100,000. What is the net income of the company?

Answer Options

Correct Answer A. ₦70,000
B. ₦30,000
C. ₦50,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦70,000

About This Question

This is Post Utme Achievers University 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support