Post Utme Eksu 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company uses the accrual basis of accounting. During the year, it earned ₦10,000 in revenue and paid ₦8,000 in expenses. What is the net increase in net income?

Answer Options

Correct Answer A. ₦2,000
B. ₦8,000
C. ₦10,000
D. ₦12,000
Correct Answer
A
Correct Option:
₦2,000

About This Question

This is Post Utme Eksu 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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