Post Utme Achievers University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦30,000 in the account 'Salaries' and a credit balance of ₦25,000 in the account 'Wages'. What is the correct journal entry to record the correction of this error?

Answer Options

A. ₦5,000 debit to Salaries and ₦5,000 credit to Wages
Correct Answer B. ₦5,000 debit to Wages and ₦5,000 credit to Salaries
C. ₦5,000 debit to Salaries and ₦5,000 credit to Cash
D. ₦5,000 debit to Cash and ₦5,000 credit to Salaries
Correct Answer
B
Correct Option:
₦5,000 debit to Wages and ₦5,000 credit to Salaries

About This Question

This is Post Utme Achievers University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Achievers University Accounting examination.

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