Post Utme Esut 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦ 50,000, Accounts Receivable ₦ 20,000, Sales Revenue ₦ 100,000, Cost of Goods Sold ₦ 60,000. Prepare the company's income statement.

Answer Options

A. ₦ 40,000
B. ₦ 50,000
Correct Answer C. ₦ 60,000
D. ₦ 70,000
Correct Answer
C
Correct Option:
₦ 60,000

About This Question

This is Post Utme Esut 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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