Post Utme Futa 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Sales (₦100,000), Cost of Goods Sold (₦60,000), and Net Income (₦40,000). If the company's accounting period is 12 months, what is the company's net income per month?

Answer Options

Correct Answer A. ₦3,333
B. ₦4,000
C. ₦5,000
D. ₦6,667
Correct Answer
A
Correct Option:
₦3,333

About This Question

This is Post Utme Futa 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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