Post Utme Madonna University 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance contains the following accounts: Debit Cash ₦100,000 Accounts Payable ₦50,000 Sales Revenue ₦200,000 Cost of Goods Sold ₦150,000 Common Stock ₦500,000 What is the company's net income?

Answer Options

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

About This Question

This is Post Utme Madonna University 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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