Post Utme Uniben 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦1,200,000, Sales Revenue ₦2,500,000, Cost of Goods Sold ₦1,800,000. What is the company's net income?

Answer Options

A. ₦700,000
Correct Answer B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦800,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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