Post Utme Lead City University 2018 Accounting Question 16
Practice objective / multiple choice question 16 from the 2018 Post Utme Lead City University Accounting examination.
A company's accounting records show the following transactions for the year ended December 31, 2018: Cash: ₦100,000; Sales: ₦500,000; Cost of Goods Sold: ₦300,000; Operating Expenses: ₦150,000; Depreciation: ₦20,000; Dividends: ₦50,000. What is the net income for the year?
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About This Question
This is Post Utme Lead City University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Lead City University Accounting examination.
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