Post Utme Rhema University 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 27 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦50,000, paid salaries of ₦100,000, and purchased equipment for ₦200,000. The company's trial balance shows a credit balance of ₦50,000 for office supplies and a debit balance of ₦100,000 for salaries. What is the correct journal entry to correct the error?

Answer Options

Correct Answer A. Debit office supplies ₦50,000, Credit salaries ₦50,000
B. Credit office supplies ₦50,000, Debit salaries ₦50,000
C. Debit office supplies ₦50,000, Credit salaries ₦100,000
D. Credit office supplies ₦100,000, Debit salaries ₦50,000
Correct Answer
A
Correct Option:
Debit office supplies ₦50,000, Credit salaries ₦50,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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