Post Utme Rhema University 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger shows the following balances: Cash ₦100,000, Accounts Payable ₦50,000, and Sales Revenue ₦200,000. What is the company's net income?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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