Post Utme Uniben 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company has a single entry system and has recorded the following transactions: Purchase of goods for ₦100,000, Sale of goods for ₦150,000, and Payment of cash for ₦50,000. What is the company's net income?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support