Post Utme Afe Babalola University 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a trial balance that shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000. What is the correct balance of the company's Net Income?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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