Post Utme Afe Babalola University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦20,000 in the account 'Salaries and Wages Expense'. However, the company's accounting records show that it has not paid any salaries and wages to its employees. What is the most likely cause of this discrepancy?

Answer Options

Correct Answer A. Error in recording salaries and wages expense
B. Error in recording salaries and wages payable
C. Error in preparing the trial balance
D. Error in accounting records
Correct Answer
A
Correct Option:
Error in recording salaries and wages expense

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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