Post Utme Crawford University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Debit Cash ₦10,000, Credit Accounts Payable ₦5,000, Debit Sales Revenue ₦20,000, Credit Cost of Goods Sold ₦15,000. What is the net income?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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