Post Utme Bells University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the account 'Salaries Expense'. What is the correct journal entry to correct this error?

Answer Options

A. Debit Salaries Expense ₦20,000, Credit Salaries Payable ₦20,000
Correct Answer B. Debit Salaries Payable ₦20,000, Credit Salaries Expense ₦20,000
C. Debit Salaries Expense ₦20,000, Credit Salaries Expense ₦20,000
D. Debit Salaries Payable ₦20,000, Credit Salaries Payable ₦20,000
Correct Answer
B
Correct Option:
Debit Salaries Payable ₦20,000, Credit Salaries Expense ₦20,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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