Post Utme Futo 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's income statement as at 31st December 2020 is as follows: Revenue: ₦1,500,000 - Sales ₦800,000 - Cost of Goods Sold Expenses: ₦400,000 - Salaries ₦200,000 - Rent What is the net income of the company?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Futo 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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