Post Utme Ui 2025 Accounting Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. What is the company's net income?

Answer Options

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

About This Question

This is Post Utme Ui 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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