Post Utme Caleb University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the account 'Salaries' and a credit balance of ₦15,000 in the account 'Wages'. The correct journal entry to record this transaction is:

Answer Options

A. ₦5,000 debit to Salaries and ₦5,000 credit to Wages
Correct Answer B. ₦5,000 debit to Wages and ₦5,000 credit to Salaries
C. ₦20,000 debit to Salaries and ₦15,000 credit to Wages
D. ₦15,000 debit to Wages and ₦20,000 credit to Salaries
Correct Answer
B
Correct Option:
₦5,000 debit to Wages and ₦5,000 credit to Salaries

About This Question

This is Post Utme Caleb University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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