Post Utme Noun 2025 Accounting Question 36
Practice objective / multiple choice question 36 from the 2025 Post Utme Noun Accounting examination.
A company uses the single-entry system of accounting. The following transactions occurred during the year ended December 31, 2025: - Purchased goods for ₦1,200,000. - Sold goods for ₦1,500,000. - Received cash from customers for goods sold ₦1,200,000. - Paid cash to suppliers for goods purchased ₦1,000,000. What is the net income for the year?
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About This Question
This is Post Utme Noun 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.
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