Post Utme Elizade University 2021 Accounting Question 2
Practice objective / multiple choice question 2 from the 2021 Post Utme Elizade University Accounting examination.
A company uses the double-entry system of accounting. The company's ledger accounts are as follows: Debit Cash: ₦120,000 Accounts Payable: ₦50,000 Sales Revenue: ₦150,000 Credit Accounts Receivable: ₦30,000 Cost of Goods Sold: ₦80,000 What is the net income of the company for the year ended 31st December 2020?
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About This Question
This is Post Utme Elizade University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.
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