Post Utme Veritas University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 1,000, Paid rent for 2,000, and Sold merchandise for 5,000. What is the net income of the company for the period?

Answer Options

A. 2,000
B. 3,000
Correct Answer C. 4,000
D. 5,000
Correct Answer
C
Correct Option:
4,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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