Post Utme Coal City University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions for the year ended December 31, 2022: Debit Cash 10,000 Accounts Receivable 5,000 Inventory 8,000 Prepaid Rent 2,000 Credit Accounts Payable 6,000 Salaries Expense 4,000 Rent Expense 2,000 What is the net income for the year?

Answer Options

Correct Answer A. 2,000
B. 4,000
C. 6,000
D. 8,000
Correct Answer
A
Correct Option:
2,000

About This Question

This is Post Utme Coal City University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.

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