Nexus 7 on Android 4.2 having problems updating Google Play apps?

In case you own a Nexus 7 tablet then you probably know that Android 4.2 Jelly Bean is already available for the device and can be installed immediately, which you probably already did as soon as the update came out.
But it looks like Android 4.2 isn’t flaw-free and an issue has already been spotted by the guys over at Droid-Life. Apparently Nexus 7 users may run into problems when trying to update their Google Play apps after upgrading to Android 4.2
However, the problem seems to have an easy fix, as discovered by other users that have experienced the app update error. If you have encountered the same annoyance, you’ll only have to remove your Google account, reboot the tablet and then setup your Google account again. Once that’s done, you’ll be able to update your apps just like before.