Post Utme Greenfield University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger balances: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | | | Accounts Payable | | ₦30,000 | | Sales Revenue | ₦100,000 | | | Cost of Goods Sold | | ₦60,000 | What is the total amount of net income?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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