Post Utme Ims U 2024 Accounting Question 26
Practice objective / multiple choice question 26 from the 2024 Post Utme Ims U Accounting examination.
A company uses the single-entry system of accounting. During the year, it had the following transactions: 1. Purchased office supplies for ₦5,000. 2. Collected cash from customers for ₦20,000. 3. Paid salaries to employees for ₦15,000. 4. Purchased a new computer for ₦30,000. 5. Sold merchandise for ₦10,000. What is the net income of the company for the year?
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About This Question
This is Post Utme Ims U 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.
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