Post Utme Futo 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Futo Accounting examination.

Post Utme Futo 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTO • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit balance of ₦10,000 in the Cash account and a credit balance of ₦20,000 in the Accounts Payable account. What is the correct journal entry to record the payment of salaries worth ₦20,000?

Answer Options

Correct Answer A. Debit Salaries ₦20,000, Credit Cash ₦20,000
B. Debit Cash ₦20,000, Credit Salaries ₦20,000
C. Debit Accounts Payable ₦20,000, Credit Salaries ₦20,000
D. Debit Salaries ₦20,000, Debit Cash ₦20,000
Correct Answer
A
Correct Option:
Debit Salaries ₦20,000, Credit Cash ₦20,000

About This Question

This is Post Utme Futo 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Futo Accounting examination.

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