Post Utme Crawford University 2018 Accounting Question 31
Practice objective / multiple choice question 31 from the 2018 Post Utme Crawford University Accounting examination.
A company uses the single entry system of accounting. The following transactions were recorded in the journal during the year: Dr. Cash ¡ 10,000, Dr. Accounts Payable ¡ 8,000, Cr. Sales ¡ 18,000, Cr. Cost of Goods Sold ¡ 12,000. What is the net income for the year?
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About This Question
This is Post Utme Crawford University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.
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