Post Utme Babcock University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance showed an error of ₦5,000 due to an omission. The company's net profit for the year was ₦200,000. Prepare the corrected trading and profit and loss account.

Answer Options

Correct Answer A. Trading Account: ₦195,000; Profit and Loss Account: ₦195,000
B. Trading Account: ₦200,000; Profit and Loss Account: ₦200,000
C. Trading Account: ₦195,000; Profit and Loss Account: ₦205,000
D. Trading Account: ₦205,000; Profit and Loss Account: ₦205,000
Correct Answer
A
Correct Option:
Trading Account: ₦195,000; Profit and Loss Account: ₦195,000

About This Question

This is Post Utme Babcock University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Babcock University Accounting examination.

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