Post Utme Skyline University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_SKYLINE_UNIVERSITY • 2021 • 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 adjustment for the difference?

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 Skyline University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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