Post Utme Caleb University 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable = ₦50,000, Accounts Receivable = ₦30,000, Sales Revenue = ₦150,000, Cost of Goods Sold = ₦80,000. What is the company's net income?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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