Post Utme Pan Atlantic University 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦50,000, Accounts Payable ₦20,000, Sales Revenue ₦100,000, and Cost of Goods Sold ₦50,000. What is the net income of the company?

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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