Post Utme Unilag 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦3,000 in the account 'Salaries' and a credit balance of ₦2,500 in the account 'Wages'. What is the correct journal entry to record the correction of this error?

Answer Options

Correct Answer A. Debit Salaries ₦500, Credit Wages ₦500
B. Debit Salaries ₦500, Credit Wages ₦2,500
C. Debit Wages ₦2,500, Credit Salaries ₦2,500
D. Debit Salaries ₦3,000, Credit Wages ₦2,500
Correct Answer
A
Correct Option:
Debit Salaries ₦500, Credit Wages ₦500

About This Question

This is Post Utme Unilag 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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