Post Utme Esut 2022 Accounting Question 2
Practice objective / multiple choice question 2 from the 2022 Post Utme Esut Accounting examination.
A company's trial balance as at December 31, 2022, is as follows: Debit ₦ Cash 150,000 Accounts Payable 50,000 Salaries Payable 20,000 Equipment 100,000 Accumulated Depreciation 30,000 Total Debit 350,000 Credit ₦ Accounts Receivable 40,000 Sales Revenue 200,000 Cost of Goods Sold 120,000 Salaries Expense 30,000 Rent Expense 10,000 Total Credit 400,000 Determine the net income for the year.
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About This Question
This is Post Utme Esut 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.
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