Post Utme Rsu 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_RSU • 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 ₦15,000 in the account 'Salaries Payable'. What is the correct journal entry to rectify this discrepancy?

Answer Options

A. ₦5,000 debit to Salaries Expense and ₦5,000 credit to Salaries Payable
Correct Answer B. ₦5,000 debit to Salaries Payable and ₦5,000 credit to Salaries Expense
C. ₦10,000 debit to Salaries Expense and ₦10,000 credit to Salaries Payable
D. ₦10,000 debit to Salaries Payable and ₦10,000 credit to Salaries Expense
Correct Answer
B
Correct Option:
₦5,000 debit to Salaries Payable and ₦5,000 credit to Salaries Expense

About This Question

This is Post Utme Rsu 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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