Post Utme Unilag 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNILAG • 2024 • ACCOUNTING • objective

A company's trial balance shows an error of ₦5,000 in the credit side of the account 'Salaries and Wages'. The correct balance should be ₦10,000. What is the correct journal entry to rectify this error?

Answer Options

A. Credit Salaries and Wages ₦5,000, Debit Profit and Loss ₦5,000
B. Debit Salaries and Wages ₦10,000, Credit Profit and Loss ₦10,000
Correct Answer C. Credit Salaries and Wages ₦10,000, Debit Profit and Loss ₦10,000
D. Debit Salaries and Wages ₦10,000, Credit Salaries and Wages ₦10,000
Correct Answer
C
Correct Option:
Credit Salaries and Wages ₦10,000, Debit Profit and Loss ₦10,000

About This Question

This is Post Utme Unilag 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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