Post Utme Bsu 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Bsu Accounting examination.

Post Utme Bsu 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. What is the net income?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Bsu 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Bsu 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