Post Utme Summit University 2021 Accounting Question 15
Practice objective / multiple choice question 15 from the 2021 Post Utme Summit University Accounting examination.
A company has a self-balancing ledger as follows: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Accounts Payable | ₦0 | ₦30,000 | | Sales Revenue | ₦0 | ₦100,000 | | Cost of Goods Sold | ₦80,000 | ₦0 | | Net Income | ₦20,000 | ₦0 | What is the amount of net income?
Answer Options
About This Question
This is Post Utme Summit University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.