Post Utme Abu 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit: Rent Expense ¡ 100,000 Salaries Expense ¡ 150,000 Credit: Rent Income ¡ 120,000 Salaries Payable ¡ 180,000 What is the correct classification of the above items?

Answer Options

A. Assets
B. Liabilities
C. Equity
Correct Answer D. Expenses
Correct Answer
D
Correct Option:
Expenses

About This Question

This is Post Utme Abu 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

View More Post Utme Abu 2025 Accounting Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support