Post Utme Crawford University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: Debit: Accounts Payable ¡ 15,000, Debit: Salaries ¡ 30,000, Credit: Sales ¡ 45,000, Credit: Cost of Goods Sold ¡ 25,000. What is the net income for the year?

Answer Options

A. ¡ 10,000
B. ¡ 15,000
C. ¡ 20,000
Correct Answer D. ¡ 25,000
Correct Answer
D
Correct Option:
¡ 25,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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