Post Utme Summit University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following balance sheet: Assets 100,000, Liabilities 50,000, Equity 50,000. What is the net income for the year?

Answer Options

A. ₦0
B. ₦25,000
Correct Answer C. ₦50,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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