Post Utme Crawford University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance showed an error of ₦5,000 due to an incorrect posting of a transaction. The error was discovered and corrected by making an adjusting entry. The corrected trial balance showed a net profit of ₦50,000. What was the original net profit before the error?

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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