Post Utme Futa 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company uses the single-entry system. If the company's assets are ₦100,000, liabilities are ₦50,000, and equity is ₦30,000, what is the company's net income?

Answer Options

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

About This Question

This is Post Utme Futa 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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