Post Utme Osustech 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice

Question 19 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's trial balance shows an error of ₦30,000 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. ₦30,000 decrease

B. ₦30,000 increase

C. ₦20,000 decrease

D. ₦20,000 increase

Correct Answer

Correct Option:

₦30,000 decrease

About This Question

This is Post Utme Osustech 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

View More Post Utme Osustech 2021 Accounting Questions More Post Utme Osustech 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