Post Utme Caleb University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦20,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. Prepare the company's income statement.

Answer Options

A. ₦50,000
B. ₦20,000
Correct Answer C. ₦200,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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