Post Utme Futa 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Cash | 10,000 | | | 1/2 | Sales | | 12,000 | | 1/3 | Purchase | 8,000 | | | 1/4 | Rent | | 2,000 | What is the net income of the company?

Answer Options

A. ₦4,000
Correct Answer B. ₦6,000
C. ₦8,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦6,000

About This Question

This is Post Utme Futa 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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