Post Utme Uniosun 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2024 is as follows: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Accounts Payable | ₦0 | ₦30,000 | | Sales Revenue | ₦0 | ₦150,000 | | Cost of Goods Sold | ₦80,000 | ₦0 | | Net Income | ₦0 | ₦0 | | Total | ₦130,000 | ₦180,000 | Prepare the Income Statement as at 31st December, 2024.

Answer Options

Correct Answer A. ₦50,000 Cash, ₦30,000 Accounts Payable, ₦150,000 Sales Revenue, ₦80,000 Cost of Goods Sold, ₦30,000 Net Income
B. ₦50,000 Cash, ₦30,000 Accounts Payable, ₦150,000 Sales Revenue, ₦80,000 Cost of Goods Sold, ₦120,000 Net Income
C. ₦50,000 Cash, ₦30,000 Accounts Payable, ₦150,000 Sales Revenue, ₦80,000 Cost of Goods Sold, ₦150,000 Net Income
D. ₦50,000 Cash, ₦30,000 Accounts Payable, ₦150,000 Sales Revenue, ₦80,000 Cost of Goods Sold, ₦180,000 Net Income
Correct Answer
A
Correct Option:
₦50,000 Cash, ₦30,000 Accounts Payable, ₦150,000 Sales Revenue, ₦80,000 Cost of Goods Sold, ₦30,000 Net Income

About This Question

This is Post Utme Uniosun 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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