Post Utme Ui 2024 Accounting Question 41

Practice objective / multiple choice question 41 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 41 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company has the following trial balance: Accounts Payable ₦100,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦200,000, and Common Stock ₦300,000. What is the net income?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Ui 2024 Accounting Question 41. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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