Post Utme Unilorin 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company prepares its trial balance on December 31, 2025. The trial balance shows the following balances: Accounts Receivable ₦150,000, Accounts Payable ₦100,000, and Common Stock ₦500,000. Prepare the Income Statement for the company.

Answer Options

A. ₦600,000
Correct Answer B. ₦650,000
C. ₦700,000
D. ₦750,000
Correct Answer
B
Correct Option:
₦650,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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