Post Utme Uniport 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦20,000 in the 'Salaries Payable' account. Prepare the necessary journal entry to correct this error.

Answer Options

A. ₦20,000 debit to 'Salaries Payable' and ₦20,000 credit to 'Salaries Expense'
Correct Answer B. ₦20,000 debit to 'Salaries Expense' and ₦20,000 credit to 'Salaries Payable'
C. ₦20,000 debit to 'Salaries Payable' and ₦20,000 credit to 'Cash'
D. ₦20,000 debit to 'Cash' and ₦20,000 credit to 'Salaries Payable'
Correct Answer
B
Correct Option:
₦20,000 debit to 'Salaries Expense' and ₦20,000 credit to 'Salaries Payable'

About This Question

This is Post Utme Uniport 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

View More Post Utme Uniport 2019 Accounting Questions More Post Utme Uniport Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support