Post Utme Mountain Top University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows a debit balance of ₦20,000 in the account 'Wages' and a credit balance of ₦15,000 in the account 'Salaries'. What is the correct journal entry to record the transaction?

Answer Options

A. ₦20,000 debit to Salaries and ₦15,000 credit to Wages
B. ₦20,000 credit to Salaries and ₦15,000 debit to Wages
Correct Answer C. ₦20,000 debit to Wages and ₦15,000 credit to Salaries
D. ₦20,000 credit to Wages and ₦15,000 debit to Salaries
Correct Answer
C
Correct Option:
₦20,000 debit to Wages and ₦15,000 credit to Salaries

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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