Post Utme Rsu 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company has the following trial balance: Debit: Cash ¡ 100,000 Accounts Payable ¡ 50,000 Equipment ¡ 200,000 Credit: Accounts Receivable ¡ 150,000 Salaries Payable ¡ 75,000 Revenue ¡ 250,000 What is the net income?

Answer Options

A. ¡ 25,000
Correct Answer B. ¡ 50,000
C. ¡ 75,000
D. ¡ 100,000
Correct Answer
B
Correct Option:
¡ 50,000

About This Question

This is Post Utme Rsu 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Rsu Accounting examination.

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