Use the information below to answer this question At the end of a financial period, th...
Question
Use the information below to answer this question
At the end of a financial period, the trading profit and loss account of a sole trader shows a profit of
₦180,000 it is however discovered that revenue of
₦15,000 is recorded as expenses while expenses of
₦4,000 is recorded as revenue.
The revenue to be added as an adjustment is
Options
A)
₦34,000
B)
₦4,000
C)
₦30,000

D)
₦15,000
The correct answer is C.
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