Post Utme Abu 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦20,000 in the 'Salaries Expense' account. However, the company's accounting records show that it has paid ₦25,000 in salaries for the year. What is the correct journal entry to record the error?

Answer Options

A. Debit Salaries Expense ₦25,000, Credit Cash ₦25,000
B. Debit Salaries Expense ₦20,000, Credit Cash ₦25,000
Correct Answer C. Debit Salaries Expense ₦25,000, Credit Cash ₦20,000
D. Debit Salaries Expense ₦20,000, Credit Cash ₦20,000
Correct Answer
C
Correct Option:
Debit Salaries Expense ₦25,000, Credit Cash ₦20,000

About This Question

This is Post Utme Abu 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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