Post Utme Noun 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦30,000 in the 'Salaries Expense' account. However, the company's accounting records show that it has paid ₦25,000 in salaries for the year. What is the correct journal entry to record the payment?

Answer Options

A. Debit Salaries Expense ₦5,000, Credit Cash ₦5,000
B. Debit Salaries Expense ₦25,000, Credit Cash ₦25,000
C. Debit Salaries Expense ₦30,000, Credit Cash ₦30,000
Correct Answer D. Debit Salaries Expense ₦5,000, Credit Cash ₦25,000
Correct Answer
D
Correct Option:
Debit Salaries Expense ₦5,000, Credit Cash ₦25,000

About This Question

This is Post Utme Noun 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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