Post Utme Nile University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the accrual basis of accounting. The company has a revenue of ₦500,000 and an expense of ₦200,000. If the company also has a prepaid expense of ₦50,000, what is the net income?

Answer Options

Correct Answer A. ₦350,000
B. ₦300,000
C. ₦250,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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