Post Utme Igbinedion University 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet showed the following balances: Cash ₦50,000, Accounts Payable ₦20,000, Sales Revenue ₦150,000, and Common Stock ₦100,000. Prepare the company's income statement.

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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