Post Utme Igbinedion University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's profit and loss statement shows a net income of ₦100,000. What does this indicate about the company's financial performance?

Answer Options

Correct Answer A. The company has generated sufficient revenue to cover its expenses
B. The company has generated insufficient revenue to cover its expenses
C. The company's financial performance is uncertain
D. The company's financial performance is not relevant to its financial health
Correct Answer
A
Correct Option:
The company has generated sufficient revenue to cover its expenses

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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