Post Utme Uniport 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦ 50,000, Accounts Receivable ₦ 30,000, Sales Revenue ₦ 200,000, Cost of Goods Sold ₦ 150,000. Prepare the company's income statement.

Answer Options

A. ₦ 50,000
B. ₦ 30,000
Correct Answer C. ₦ 200,000
D. ₦ 150,000
Correct Answer
C
Correct Option:
₦ 200,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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