Post Utme Esut 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company's trial balance as at December 31, 2018, showed the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. Prepare the company's income statement for the year ended December 31, 2018.

Answer Options

A. ₦50,000
B. ₦30,000
Correct Answer C. ₦500,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Esut 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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