Post Utme Eksu 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Eksu Accounting examination.

Post Utme Eksu 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_EKSU • 2017 • 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 company's net income?

Answer Options

Correct Answer A. ₦50,000
B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Eksu 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Eksu Accounting examination.

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