Post Utme Unilag 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2024 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦10,000, Accounts Payable ₦20,000, Sales Revenue ₦30,000, Cost of Goods Sold ₦25,000. What is the net income of the company?

Answer Options

Correct Answer A. ₦5,000
B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Unilag 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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