Post Utme Afe Babalola University 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. The following transactions were recorded in the journal: Debit: Salaries Expense 10,000, Accounts Payable 5,000 Credit: Salaries Payable 15,000, Revenue 20,000. What is the correct order of posting these transactions to the ledger accounts?

Answer Options

Correct Answer A. Salaries Expense, Salaries Payable, Accounts Payable, Revenue
B. Revenue, Salaries Payable, Salaries Expense, Accounts Payable
C. Salaries Payable, Salaries Expense, Accounts Payable, Revenue
D. Accounts Payable, Salaries Payable, Salaries Expense, Revenue
Correct Answer
A
Correct Option:
Salaries Expense, Salaries Payable, Accounts Payable, Revenue

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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