Post Utme Summit University 2020 Accounting Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Summit University Accounting examination.
A company uses the single-entry system of accounting. The company's journal entry for the period includes the following: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 | Cash | ₦100,000 | | | 2 | Accounts receivable | | ₦150,000 | | 3 | Sales revenue | | ₦200,000 | What is the net income for the period?
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About This Question
This is Post Utme Summit University 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.
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