Post Utme Christopher University 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The company's balance sheet shows a decrease in inventory of ₦50,000 and an increase in accounts payable of ₦30,000. What is the company's net income?

Answer Options

A. ₦180,000
B. ₦190,000
Correct Answer C. ₦200,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Christopher University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Christopher University Accounting examination.

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