Post Utme Igbinedion University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000. What is the net income of the company?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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