Post Utme Ui 2021 Accounting Question 4
Practice objective / multiple choice question 4 from the 2021 Post Utme Ui Accounting examination.
A company uses the single-entry system of accounting. The following transactions are recorded: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash received from customers | 10,000 | 0 | | 2 Jan | Cash paid to suppliers | 0 | 5,000 | | 3 Jan | Cash received from bank | 8,000 | 0 | | 4 Jan | Cash paid to employees | 0 | 6,000 | What is the net income of the company?
Answer Options
About This Question
This is Post Utme Ui 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.