Post Utme Wellspring University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice

Question 30 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows an error of ₦5,000 in the credit side of the accounts receivable account. The correct amount is ₦15,000. What is the effect of this error on the company's net income?

Answer Options

Correct Answer A. ₦5,000 increase in net income

B. ₦5,000 decrease in net income

C. ₦10,000 increase in net income

D. ₦10,000 decrease in net income

Correct Answer

Correct Option:

₦5,000 increase in net income

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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