Post Utme Bowen University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦200,000, and Common Stock ₦300,000. What is the company's net income?

Answer Options

A. ₦100,000
B. ₦150,000
C. ₦200,000
Correct Answer D. ₦250,000
Correct Answer
D
Correct Option:
₦250,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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