Post Utme Babcock University 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice

Question 24 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000. What is the net income of the company?

Answer Options

A. ₦20,000

Correct Answer B. ₦30,000

C. ₦40,000

D. ₦50,000

Correct Answer

Correct Option:

₦30,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

View More Post Utme Babcock University 2024 Accounting Questions More Post Utme Babcock University Practice Questions Back to Questions

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