Post Utme Unilorin 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Receivable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Accounts Payable ₦30,000. What is the net income of the company?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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