Post Utme Unn 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦10,000 in the account 'Salaries' and a credit balance of ₦5,000 in the account 'Wages'. What is the correct journal entry to correct this discrepancy?

Answer Options

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

About This Question

This is Post Utme Unn 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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