Post Utme Lautech 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice

Question 17 POST_UTME_LAUTECH • 2024 • 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 for the period?

Answer Options

Correct Answer A. ₦50,000

B. ₦20,000

C. ₦30,000

D. ₦10,000

Correct Answer

Correct Option:

₦50,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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