Post Utme Ui 2021 Accounting Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Ui Accounting examination.
A company's trial balance shows the following accounts: | Account | Debit | Credit | | --- | --- | --- | | Sales | 100,000 | 0 | | Cost of Goods Sold | 0 | 80,000 | | Gross Profit | 0 | 20,000 | | Operating Expenses | 0 | 10,000 | | Net Income | 0 | 10,000 | What is the net income of the company?
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About This Question
This is Post Utme Ui 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.
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