Post Utme Ims U 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. What is the company's net income?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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