Post Utme Elizade University 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_ELIZADE_UNIVERSITY • 2025 • 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'. What is the correct journal entry to correct this discrepancy?

Answer Options

Correct Answer A. ₦5,000 debit to Salaries and ₦5,000 credit to Wages
B. ₦5,000 debit to Wages and ₦5,000 credit to Salaries
C. ₦10,000 debit to Salaries and ₦10,000 credit to Wages
D. ₦10,000 debit to Wages and ₦10,000 credit to Salaries
Correct Answer
A
Correct Option:
₦5,000 debit to Salaries and ₦5,000 credit to Wages

About This Question

This is Post Utme Elizade University 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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