Post Utme Crawford University 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the net income?

Answer Options

Correct Answer A. ₦50,000
B. ₦75,000
C. ₦100,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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