Post Utme Igbinedion University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's income statement showed the following balances: Cost of Goods Sold ₦100,000, Sales Revenue ₦200,000, and Net Income ₦50,000. Prepare the company's balance sheet.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support