Post Utme Ui 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company has the following trial balance: Debit Accounts Payable 50,000 Salaries Expense 30,000 Rent Expense 20,000 Utilities Expense 15,000 Cash 100,000 Credit Accounts Receivable 40,000 Salaries Payable 25,000 Rent Payable 18,000 Utilities Payable 12,000 What is the net income for the year?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Ui 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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