Post Utme Ims U 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦50,000, Sold goods for ₦30,000, and Paid rent for ₦20,000. What is the net income of the company?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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