Post Utme Achievers University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦40,000 in the account 'Salaries' and a credit balance of ₦30,000 in the account 'Wages'. What is the correct journal entry to correct this error?

Answer Options

A. Debit Salaries ₦10,000, Credit Wages ₦10,000
B. Debit Salaries ₦20,000, Credit Wages ₦10,000
Correct Answer C. Debit Salaries ₦30,000, Credit Wages ₦20,000
D. Debit Salaries ₦20,000, Credit Wages ₦30,000
Correct Answer
C
Correct Option:
Debit Salaries ₦30,000, Credit Wages ₦20,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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