Post Utme Bowen University 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable ( ₦ 50,000 ), Accounts Receivable ( ₦ 30,000 ), Sales Revenue ( ₦ 200,000 ), Cost of Goods Sold ( ₦ 120,000 ). Determine the correct amount of net income.

Answer Options

Correct Answer A. ( ₦ 80,000
B. ( ₦ 60,000
C. ( ₦ 40,000
D. ( ₦ 20,000
Correct Answer
A
Correct Option:
( ₦ 80,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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