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The trial balance showed wages, N2 500 and a note stated that N500 wages, were...

Accounts - Principles of Accounts
JAMB 1995

The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with
  • A. N 3000 and show wages accrued N 500 in the balance sheet in the balance sheet
  • B. N 2 000 and show wages accured N500 in the balance sheet
  • C. N 3000 and show wages prepaid N 500 in the balance sheet
  • D. N 2000 and show wages paid in advance N 500 in the balance sheet
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Correct Answer: Option A
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts