Post Utme Ims U 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦10,000 in the account 'Salaries' and a credit balance of ₦20,000 in the account 'Wages'. What is the correct journal entry to rectify this error?

Answer Options

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

About This Question

This is Post Utme Ims U 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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