Post Utme Oau 2018 Accounting Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Oau Accounting examination.
A company's trial balance as of December 31, 2022, is as follows: Debit Cash: ₦100,000 Accounts Payable: ₦50,000 Sales Revenue: ₦200,000 Cost of Goods Sold: ₦150,000 Credit Accounts Receivable: ₦70,000 Common Stock: ₦150,000 Salaries Expense: ₦30,000 Rent Expense: ₦20,000 What is the net income for the year?
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About This Question
This is Post Utme Oau 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.
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