Post Utme Uniben 2018 Accounting Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Uniben Accounting examination.
A company has the following balance sheet: | Asset | ₦ | Liability | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Accounts Payable | 5,000 | | Accounts Receivable | 20,000 | Notes Payable | 10,000 | | Inventory | 30,000 | Common Stock | 20,000 | | Total | 60,000 | Total | 55,000 | What is the amount of the company's net income?
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About This Question
This is Post Utme Uniben 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Uniben Accounting examination.
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