Post Utme Unn 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company's financial statements show the following information: Depreciation Expense ₦20,000, Accumulated Depreciation ₦30,000, Cost of Goods Sold ₦120,000. What is the net income of the company?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unn 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

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