Post Utme Christopher University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions in its trial balance: Accounts Payable ₦100,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦200,000, and Common Stock ₦300,000. Determine the net income of the company.

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Christopher University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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