Post Utme Futa 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the account 'Wages' and a credit balance of ₦25,000 in the account 'Salaries'. What is the correct journal entry to correct this discrepancy?

Answer Options

A. ₦5,000 debit to Wages and ₦5,000 credit to Salaries
B. ₦10,000 debit to Wages and ₦10,000 credit to Salaries
Correct Answer C. ₦20,000 debit to Wages and ₦25,000 credit to Salaries
D. ₦25,000 debit to Wages and ₦20,000 credit to Salaries
Correct Answer
C
Correct Option:
₦20,000 debit to Wages and ₦25,000 credit to Salaries

About This Question

This is Post Utme Futa 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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