Post Utme Futa 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000, and Common Stock ₦100,000. What is the net income of the company?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Futa 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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