Post Utme Ims U 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company's balance sheet shows the following balances: | Asset | Liability | Equity | | --- | --- | --- | | Cash | ₦1,000 | | | Bank | | ₦500 | | Purchases | ₦200 | | | Sales | | ₦300 | Prepare the income statement.

Answer Options

A. ₦1,200
Correct Answer B. ₦1,300
C. ₦1,400
D. ₦1,500
Correct Answer
B
Correct Option:
₦1,300

About This Question

This is Post Utme Ims U 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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