Post Utme Futo 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A company's trial balance shows the following: Accounts Payable ₦5,000, Accounts Receivable ₦10,000, Common Stock ₦10,000, Dividends ₥0,000, Retained Earnings ₦10,000, Sales Revenue ₦10,000, and Wages Expense ₥10,000. What is the company's net income?

Answer Options

Correct Answer A. ₥10,000
B. ₥20,000
C. ₥30,000
D. ₥40,000
Correct Answer
A
Correct Option:
₥10,000

About This Question

This is Post Utme Futo 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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