Post Utme Crawford University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A government agency has the following transactions: Debit: Salaries ¡ 100,000, Debit: Rent ¡ 50,000, Credit: Revenue ¡ 150,000, Credit: Expenses ¡ 120,000. What is the net income for the year?

Answer Options

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

About This Question

This is Post Utme Crawford University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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