Post Utme Rhema University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_RHEMA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses a single-entry system. The following data are available for the month: Cash: ₦100,000; Accounts Payable: ₦50,000; Sales: ₦200,000. What is the net income for the month?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Rhema University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.

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