Post Utme Oau 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_OAU • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. What is the company's net income?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Oau 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

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