Post Utme Madonna University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's single-entry accounting system shows the following transactions: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, and Cost of Goods Sold ₦150,000. What is the company's net income?

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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