Post Utme Covenant University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows an error of ₦1,500 in the accounts. The error is due to an omission of a transaction. The company's net profit for the year is ₦250,000. Prepare a statement of affairs as at the end of the year.

Answer Options

A. ₦247,500
Correct Answer B. ₦248,000
C. ₦249,500
D. ₦250,500
Correct Answer
B
Correct Option:
₦248,000

About This Question

This is Post Utme Covenant University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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