Post Utme Lautech 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company's trial balance shows the following: | Account | Debit | Credit | | --- | --- | --- | | Sales | ₦200,000 | | | Cost of Goods Sold | | ₦150,000 | | Salaries | ₦50,000 | | | Rent | | ₦20,000 | Prepare the company's income statement.

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦140,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Lautech 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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