Post Utme Nile University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows an error of ₡,000 in the balance of the accounts payable account. What is the effect of this error on the company's net income?

Answer Options

A. Increase by ₡,000
Correct Answer B. Decrease by ₡,000
C. No effect
D. Increase by ₢,000
Correct Answer
B
Correct Option:
Decrease by ₡,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

View More Post Utme Nile University 2024 Accounting Questions More Post Utme Nile University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support