Post Utme Rhema University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_RHEMA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦20,000 in the 'Salaries and Wages' account. Prepare the necessary journal entry to correct this error.

Answer Options

Correct Answer A. ₦20,000 debit to 'Salaries and Wages' and ₦20,000 credit to 'Cash'
B. ₦20,000 debit to 'Cash' and ₦20,000 credit to 'Salaries and Wages'
C. ₦20,000 debit to 'Salaries and Wages' and ₦20,000 credit to 'Accrued Expenses'
D. ₦20,000 debit to 'Accrued Expenses' and ₦20,000 credit to 'Salaries and Wages'
Correct Answer
A
Correct Option:
₦20,000 debit to 'Salaries and Wages' and ₦20,000 credit to 'Cash'

About This Question

This is Post Utme Rhema University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.

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