Post Utme Ui 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company's trial balance shows the following balances: ₦500,000 in Sales, ₦200,000 in Cost of Goods Sold, ₦150,000 in Operating Expenses, and ₦100,000 in Interest Expense. What is the company's net income?

Answer Options

A. ₦250,000
B. ₦300,000
C. ₦350,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Ui 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

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