Post Utme Skyline University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. Prepare the company's income statement for the year.

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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