Post Utme Pan Atlantic University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets are ₦150,000, liabilities are ₦50,000, and equity is ₦100,000. What is the company's net income?

Answer Options

Correct Answer A. ₦0
B. ₦10,000
C. ₦20,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

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