Post Utme Unilorin 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Sales Revenue ₦200,000. What is the net income?

Answer Options

A. ₦120,000
Correct Answer B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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