Post Utme Babcock University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦200,000 in the account 'Salaries and Wages' and a credit balance of ₦150,000 in the account 'Salaries and Wages Payable'. What is the correct journal entry to rectify this error?

Answer Options

A. ₦50,000 debit to Salaries and Wages Payable and ₦50,000 credit to Salaries and Wages
Correct Answer B. ₦50,000 debit to Salaries and Wages and ₦50,000 credit to Salaries and Wages Payable
C. ₦200,000 debit to Salaries and Wages and ₦150,000 credit to Salaries and Wages Payable
D. ₦150,000 debit to Salaries and Wages Payable and ₦200,000 credit to Salaries and Wages
Correct Answer
B
Correct Option:
₦50,000 debit to Salaries and Wages and ₦50,000 credit to Salaries and Wages Payable

About This Question

This is Post Utme Babcock University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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