Post Utme Rhema University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions were recorded during the year: Debit: ₦10,000, Credit: ₦15,000. Debit: ₦8,000, Credit: ₦12,000. Debit: ₦6,000, Credit: ₦9,000. Calculate the net income for the year.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support