Post Utme Pan Atlantic University 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the account 'Salaries Expense' and a credit balance of ₦25,000 in the account 'Salaries Payable'. What is the correct journal entry to record the correction of this error?

Answer Options

A. ₦20,000 debit to Salaries Expense and ₦25,000 credit to Salaries Payable
Correct Answer B. ₦20,000 credit to Salaries Expense and ₦25,000 debit to Salaries Payable
C. ₦25,000 debit to Salaries Expense and ₦20,000 credit to Salaries Payable
D. ₦25,000 credit to Salaries Expense and ₦20,000 debit to Salaries Payable
Correct Answer
B
Correct Option:
₦20,000 credit to Salaries Expense and ₦25,000 debit to Salaries Payable

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

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