Post Utme Futa 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. What is the company's net income?

Answer Options

Correct Answer A. ₦50,000
B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Futa 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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