Post Utme Caleb University 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦2,000 in the account 'Salaries' and a credit balance of ₦1,500 in the account 'Wages'. What is the correct journal entry to rectify this discrepancy?

Answer Options

A. Debit Salaries by ₦500 and Credit Wages by ₦500
Correct Answer B. Debit Wages by ₦500 and Credit Salaries by ₦500
C. Debit Salaries by ₦500 and Credit Wages by ₦500
D. Credit Wages by ₦500 and Debit Salaries by ₦500
Correct Answer
B
Correct Option:
Debit Wages by ₦500 and Credit Salaries by ₦500

About This Question

This is Post Utme Caleb University 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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