Post Utme Unilorin 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦50,000, Sold goods for ₦100,000, and Paid salaries of ₦20,000. What is the net income of the company?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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