Post Utme Greenfield University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following financial statements: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | | | Bank | | ₦30,000 | | Accounts Payable | ₦20,000 | | | Sales | | ₦100,000 | | Cost of Goods Sold | ₦50,000 | | | Net Income | | ₦20,000 | Prepare the income statement.

Answer Options

A. ₦120,000
B. ₦130,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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