Post Utme Skyline University 2023 Accounting Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Skyline University Accounting examination.
A company uses the single-entry system of accounting. The company's journal entries for the year are as follows: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Cash | 10,000 | | | 1/15 | Accounts Payable | | 5,000 | | 2/1 | Sales | | 15,000 | | 3/1 | Rent Expense | | 2,000 | What is the company's net income for the year?
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This is Post Utme Skyline University 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.
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