Post Utme Covenant University 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance in the 'Salaries and Wages' account of ₦1,500,000. However, the company's accounting records show that the total salaries paid during the year was ₦2,000,000. What is the likely cause of the discrepancy?

Answer Options

Correct Answer A. The company has not recorded the salaries paid to its employees.
B. The company has not recorded the salaries paid to its directors.
C. The company has not recorded the salaries paid to its employees and directors.
D. The company has recorded the salaries paid to its employees but not to its directors.
Correct Answer
A
Correct Option:
The company has not recorded the salaries paid to its employees.

About This Question

This is Post Utme Covenant University 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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