Post Utme Summit University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦1,000,000, sold goods for ₦1,500,000, and purchased office supplies for ₦200,000. What is the company's net income?

Answer Options

A. ₦500,000
B. ₦600,000
Correct Answer C. ₦700,000
D. ₦800,000
Correct Answer
C
Correct Option:
₦700,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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