Post Utme Abu 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the account 'Rent' and a credit balance of ₦15,000 in the account 'Salaries'. What is the correct journal entry to correct this error?

Answer Options

A. ₦20,000 debit to Rent and ₦15,000 credit to Salaries
Correct Answer B. ₦15,000 debit to Salaries and ₦20,000 credit to Rent
C. ₦35,000 debit to Rent and ₦20,000 credit to Salaries
D. ₦20,000 debit to Salaries and ₦35,000 credit to Rent
Correct Answer
B
Correct Option:
₦15,000 debit to Salaries and ₦20,000 credit to Rent

About This Question

This is Post Utme Abu 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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