Post Utme Nile University 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the accrual basis of accounting. The company's ledger shows the following transactions: Debit Salaries Expense ₦200,000, Credit Salaries Payable ₦200,000. What is the effect of this transaction on the company's financial position?

Answer Options

A. The company's salaries expense balance increases by ₦200,000.
Correct Answer B. The company's salaries payable balance increases by ₦200,000.
C. The company's salaries expense balance decreases by ₦200,000.
D. The company's salaries payable balance decreases by ₦200,000.
Correct Answer
B
Correct Option:
The company's salaries payable balance increases by ₦200,000.

About This Question

This is Post Utme Nile University 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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