Post Utme Unilorin 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets at the beginning of the year were ₦500,000, and the company's assets at the end of the year were ₦700,000. If the company's expenses for the year were ₦150,000, what is the company's net income for the year?

Answer Options

Correct Answer A. ₦250,000
B. ₦200,000
C. ₦150,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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