Post Utme Bowen University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: | Account | Debit | Credit | | --- | --- | --- | | Sales | ₦100,000 | | | Cost of Goods Sold | | ₦80,000 | | Operating Expenses | | ₦20,000 | | Net Income | | | What is the net income of the company?

Answer Options

A. ₦0
B. ₦10,000
Correct Answer C. ₦20,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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