Post Utme Rhema University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's income statement shows the following accounts: Sales Revenue 100,000, Cost of Goods Sold 70,000, Gross Profit 30,000. What is the correct net income of the company?

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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