Post Utme Bowen University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's income statement shows the following accounts: Sales Revenue ( ₦ 500,000 ), Cost of Goods Sold ( ₦ 250,000 ), Operating Expenses ( ₦ 100,000 ). Determine the correct amount of net income.

Answer Options

A. ( ₦ 150,000
B. ( ₦ 200,000
Correct Answer C. ( ₦ 250,000
D. ( ₦ 300,000
Correct Answer
C
Correct Option:
( ₦ 250,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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