Post Utme Ui 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal entries for the year are as follows: Debit Cash ₦100,000, Credit Accounts Payable ₦50,000. What is the net income of the company?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Ui 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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