Post Utme Bells University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦12,000 in the 'Wages' account. However, the company's accounting records indicate that the actual wages paid during the year were ₦15,000. What is the correct journal entry to correct the error?

Answer Options

A. ₦3,000 debit to Wages and ₦3,000 credit to Retained Earnings
Correct Answer B. ₦3,000 credit to Wages and ₦3,000 debit to Retained Earnings
C. ₦15,000 debit to Wages and ₦15,000 credit to Retained Earnings
D. ₦12,000 debit to Wages and ₦12,000 credit to Retained Earnings
Correct Answer
B
Correct Option:
₦3,000 credit to Wages and ₦3,000 debit to Retained Earnings

About This Question

This is Post Utme Bells University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

View More Post Utme Bells University 2025 Accounting Questions More Post Utme Bells University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support