Post Utme Greenfield University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets at the beginning of the year were ₦100,000, and the assets at the end of the year were ₦150,000. What is the company's net income for the year?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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