Post Utme Uniben 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company has the following transactions during the year ended December 31, 2022: 1. Purchased a machine for ₦200,000. 2. Sold a machine for ₦150,000. 3. Declared dividends of ₦100,000. 4. Paid salaries of ₦50,000. What is the net income for the year?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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