Post Utme Madonna University 2022 Accounting Question 38
Practice objective / multiple choice question 38 from the 2022 Post Utme Madonna University Accounting examination.
A company has the following transactions for the year: 1. Purchased office supplies for ₦20,000. 2. Sold goods for ₦150,000. 3. Purchased inventory for ₦100,000. 4. Collected accounts receivable of ₦50,000. 5. Paid salaries of ₦30,000. 6. Sold equipment for ₦20,000. 7. Purchased land for ₦50,000. 8. Paid rent of ₦10,000. 9. Sold goods for ₦80,000. 10. Purchased office supplies for ₦15,000. What is the company's net income for the year?
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About This Question
This is Post Utme Madonna University 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.
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