Post Utme Unn 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦50,000, Sold goods for ₦70,000, and Purchased equipment for ₦30,000. What is the company's net income?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Unn 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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