Post Utme Skyline University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the accrual basis of accounting. If the company receives ₦100,000 in cash from customers and pays ₦80,000 in cash to suppliers, what is the net income?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Skyline University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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