Post Utme Joseph Ayo Babalola University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance showed an error of ₦10,000 in the accounts receivable account. The correct balance should have been ₦30,000. What is the effect of this error on the company's net income?

Answer Options

A. ₦10,000 increase
Correct Answer B. ₦10,000 decrease
C. ₦10,000 increase
D. ₦10,000 decrease
Correct Answer
B
Correct Option:
₦10,000 decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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