Post Utme Unilag 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company's balance sheet shows an increase in accounts payable of ₦20,000. What is the effect on the company's net income?

Answer Options

A. Increase net income by ₦20,000
B. Decrease net income by ₦20,000
Correct Answer C. No effect on net income
D. Increase net income by ₦10,000
Correct Answer
C
Correct Option:
No effect on net income

About This Question

This is Post Utme Unilag 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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