Post Utme Crawford University 2017 Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦ 50,000, Sales Revenue ₦ 100,000, Cost of Goods Sold ₦ 70,000, and Dividends ₦ 20,000. Prepare the company's income statement.

Answer Options

A. ₦ 30,000
B. ₦ 40,000
Correct Answer C. ₦ 50,000
D. ₦ 60,000
Correct Answer
C
Correct Option:
₦ 50,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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