Post Utme Futa 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice

Question 10 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦10,000 in the 'Salaries' account. Prepare the necessary journal entry to correct this error.

A. ₦10,000 debit to 'Salaries' and ₦10,000 credit to 'Cash'

Correct Answer B. ₦10,000 debit to 'Cash' and ₦10,000 credit to 'Salaries'

C. ₦10,000 debit to 'Salaries' and ₦10,000 credit to 'Rent Received'

D. ₦10,000 debit to 'Rent Received' and ₦10,000 credit to 'Salaries'

Correct Answer

Correct Option:

₦10,000 debit to 'Cash' and ₦10,000 credit to 'Salaries'

This is Post Utme Futa 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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