Post Utme Madonna University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a self-balancing ledger with the following accounts: Cash ₦50,000, Accounts Payable ₦20,000, Sales Revenue ₦100,000, and Cost of Goods Sold ₦50,000. What is the net income for the period?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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