Post Utme Madonna University 2023 Accounting Question 14
Practice objective / multiple choice question 14 from the 2023 Post Utme Madonna University Accounting examination.
A company's trial balance as at 31st December, 2022 is as follows: ₦ Account | Debit | Credit Cash and Bank Balances | ₦120,000 | Accounts Receivable | ₦80,000 | Inventory | ₦150,000 | Accounts Payable | ₦100,000 | Long-term Debt | ₦200,000 | Common Stock | ₦50,000 | Retained Earnings | ₦0 | Total Debit | ₦600,000 | Total Credit | ₦600,000 | What is the company's net income for the year?
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This is Post Utme Madonna University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.
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