Waec Model Questions Vol1 2025 Financial Accounting Question 48

Practice objective / multiple choice question 48 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 48 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A company discovered an error in its financial records where an expense of ₦5,000 was not recorded. If the company's net income before this error was ₦50,000, what would be the corrected net income after accounting for this error?

Answer Options

Correct Answer A. ₦45,000
B. ₦40,000
C. ₦55,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 48. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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