Post Utme Uniosun 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash book shows a debit balance of ₦25,000. The company's trial balance shows a credit balance of ₦30,000 for the account 'Accrued Expenses'. What is the correct journal entry to record the accrual of expenses?

Answer Options

A. ₦25,000 debit to Accrued Expenses
Correct Answer B. ₦30,000 credit to Accrued Expenses
C. ₦55,000 debit to Accrued Expenses
D. ₦55,000 credit to Accrued Expenses
Correct Answer
B
Correct Option:
₦30,000 credit to Accrued Expenses

About This Question

This is Post Utme Uniosun 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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