Post Utme Futo 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. What is the company's net income?

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Futo 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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