Post Utme Greenfield University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, is as follows: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, Operating Expenses ₦100,000, and Net Income ₦50,000. Prepare the company's balance sheet as at December 31, 2022.

Answer Options

Correct Answer A. ₦500,000
B. ₦300,000
C. ₦100,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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