Post Utme Ksu 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company's ledger shows a debit balance of ₦50,000 in the account 'Salaries Expense'. What is the likely reason for this debit balance?

Answer Options

A. The company has paid its employees in cash.
B. The company has not recorded a corresponding credit entry for the salaries expense.
Correct Answer C. The company has recorded the salaries expense as a debit entry.
D. The company has not recorded a corresponding debit entry for the salaries expense.
Correct Answer
C
Correct Option:
The company has recorded the salaries expense as a debit entry.

About This Question

This is Post Utme Ksu 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

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