Post Utme Lasu 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company's trial balance showed an error of £ 1,000 in the debit side of the trading account. The correct balance of the trading account is £ 50,000. What is the correct balance of the profit and loss account?

Answer Options

A. £ 49,000
Correct Answer B. £ 50,000
C. £ 51,000
D. £ 52,000
Correct Answer
B
Correct Option:
£ 50,000

About This Question

This is Post Utme Lasu 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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