Post Utme Rhema University 2020 Accounting Question 38
Practice objective / multiple choice question 38 from the 2020 Post Utme Rhema University Accounting examination.
A company uses the double entry system to record its transactions. The company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. What is the company's net income?
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About This Question
This is Post Utme Rhema University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.
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