Post Utme Afe Babalola University 2025 Accounting Question 12
Practice objective / multiple choice question 12 from the 2025 Post Utme Afe Babalola University Accounting examination.
A company prepares its trial balance on December 31st. The trial balance shows the following balances: Accounts Payable ₦150,000, Accounts Receivable ₦200,000, Common Stock ₦500,000, Dividends ₦20,000, Retained Earnings ₦300,000, Sales Revenue ₦1,200,000, and Wages Expense ₦100,000. What is the net income of the company?
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This is Post Utme Afe Babalola University 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.
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