Post Utme Uniosun 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2024 • ACCOUNTING • objective

A company has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦100,000 | | | Accounts Payable | | ₦50,000 | | Sales Revenue | | ₦200,000 | | Cost of Goods Sold | ₦150,000 | | | Net Income | | | What is the correct balance for the Net Income account?

Answer Options

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

About This Question

This is Post Utme Uniosun 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Uniosun Accounting examination.

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