Post Utme Delsu 2018 Accounting Question 20
Practice objective / multiple choice question 20 from the 2018 Post Utme Delsu Accounting examination.
A company uses the double entry system of accounting. The company's journal entries for the month of January are as follows: Debit Cash ₦50,000, Credit Accounts Payable ₦50,000. If the company's ledger balances are: Cash ₦100,000, Accounts Payable ₦50,000, what is the company's net income for the month?
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About This Question
This is Post Utme Delsu 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.
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