Post Utme Redeemers University 2022 Accounting Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2022 Accounting Objective / Multiple Choice
Question 40 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦ 50,000, Accounts Receivable ₦ 30,000, Sales ₦ 200,000, Cost of Goods Sold ₦ 150,000. Prepare the company's income statement.

Answer Options

A. ₦ 50,000
B. ₦ 30,000
Correct Answer C. ₦ 200,000
D. ₦ 150,000
Correct Answer
C
Correct Option:
₦ 200,000

About This Question

This is Post Utme Redeemers University 2022 Accounting Question 40. It is one of the objective questions from the 2022 Post Utme Redeemers University Accounting examination.

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