Post Utme Lautech 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the net income of the company?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Lautech 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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