Post Utme Uniosun 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIOSUN • 2022 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal entries for the month of January are as follows: Debit Cash = ₦50,000, Credit Sales Revenue = ₦100,000. What is the net income for the month of January?

Answer Options

Correct Answer A. ₦50,000
B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Uniosun 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Uniosun Accounting examination.

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