Post Utme Veritas University 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. What is the net income?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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