Waec Model Questions Vol1 2025 Financial Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 11 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A company discovered that it had overestimated its expenses by ₦15,000 in the previous accounting period. This error was not corrected in the financial statements. If the company's net profit before tax was ₦200,000, what would the corrected net profit be after adjusting for this error?

Answer Options

Correct Answer A. ₦215,000
B. ₦210,000
C. ₦205,000
D. ₦220,000
Correct Answer
A
Correct Option:
₦215,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 11. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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