Post Utme Skyline University 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Receivable 10,000, Sales Revenue 20,000, Cost of Goods Sold 15,000. What is the net income of the company?

Answer Options

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

About This Question

This is Post Utme Skyline University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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