Question on: JAMB Accounting - 2021
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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
A
₦34,000
B
₦4,000
C
₦30,000
D
₦15,000
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Correct Option: C
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