Post Utme Unn 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A company has the following trial balance: Debit: Accounts Payable ₦ 100,000, Salaries ₦ 200,000, Rent ₦ 50,000 Credit: Sales ₦ 500,000, Purchases ₦ 300,000, Capital ₦ 150,000 What is the correct journal entry to rectify the error?

Answer Options

A. Debit: Salaries ₦ 50,000, Credit: Accounts Payable ₦ 50,000
Correct Answer B. Debit: Rent ₦ 50,000, Credit: Accounts Payable ₦ 50,000
C. Debit: Salaries ₦ 50,000, Credit: Rent ₦ 50,000
D. Debit: Accounts Payable ₦ 50,000, Credit: Salaries ₦ 50,000
Correct Answer
B
Correct Option:
Debit: Rent ₦ 50,000, Credit: Accounts Payable ₦ 50,000

About This Question

This is Post Utme Unn 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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