Post Utme Coal City University 2019 Accounting Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Coal City University Accounting examination.
A company uses the single-entry system of accounting. The journal entries show the following: Debit Cash 5,000, Credit Accounts Payable 5,000, Debit Accounts Receivable 8,000, Credit Sales Revenue 8,000, Debit Wages Expense 30,000, Credit Retained Earnings 30,000. What is the net income of the company?
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About This Question
This is Post Utme Coal City University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.
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