Post Utme Unilag 2025 Accounting Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A company's trial balance showed an error of ₦15,000 due to an incorrect posting of a debit entry. The company's accountant corrected the error by making a corresponding credit entry. What is the effect of this correction on the company's net profit?

Answer Options

Correct Answer A. ₦15,000 increase
B. ₦15,000 decrease
C. ₦30,000 increase
D. ₦30,000 decrease
Correct Answer
A
Correct Option:
₦15,000 increase

About This Question

This is Post Utme Unilag 2025 Accounting Question 39. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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