Post Utme Unilorin 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company's trial balance shows an error of \pm 1,000 in the accounts payable account. If the company's net income for the year is \pm 50,000, what is the correct net income after adjusting for the error?

Answer Options

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

About This Question

This is Post Utme Unilorin 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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