Post Utme Osustech 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice

Question 16 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's trial balance shows an error of ₦20,000 in the debit side of the accounts payable account. What is the effect of this error on the company's net income?

Answer Options

Correct Answer A. ₦20,000 decrease

B. ₦20,000 increase

C. ₦10,000 decrease

D. ₦10,000 increase

Correct Answer

Correct Option:

₦20,000 decrease

About This Question

This is Post Utme Osustech 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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