Post Utme Lasu 2025 Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2025 • ACCOUNTING • objective

A company has the following trial balance: Sales ₦120,000, Cost of Goods Sold ₦50,000, Rent Expense ₦25,000, Salaries Expense ₦35,000, and Dividends ₦15,000. What is the net income of the company?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Lasu 2025 Accounting Question 17. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.

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