Post Utme Ksu 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦10,000 in the 'Salaries Expense' account. However, the company's accounting records indicate that the salaries expense for the year was ₦20,000. What is the correct journal entry to record the adjustment?

Answer Options

A. Debit Salaries Expense ₦10,000, Credit Salaries Payable ₦10,000
Correct Answer B. Debit Salaries Expense ₦20,000, Credit Salaries Payable ₦20,000
C. Debit Salaries Expense ₦30,000, Credit Salaries Payable ₦30,000
D. Debit Salaries Expense ₦40,000, Credit Salaries Payable ₦40,000
Correct Answer
B
Correct Option:
Debit Salaries Expense ₦20,000, Credit Salaries Payable ₦20,000

About This Question

This is Post Utme Ksu 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

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