Post Utme Osustech 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company has a trial balance as follows: Debit Accounts Payable 10,000 Salaries Expense 20,000 Rent Expense 15,000 Credit Cash 50,000 Accounts Receivable 30,000 Common Stock 100,000 Identify the error in the trial balance.

Answer Options

A. The debit balance of Accounts Payable is incorrect.
B. The credit balance of Cash is incorrect.
Correct Answer C. The debit balance of Salaries Expense is incorrect.
D. The credit balance of Common Stock is incorrect.
Correct Answer
C
Correct Option:
The debit balance of Salaries Expense is incorrect.

About This Question

This is Post Utme Osustech 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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