At the end of a trading period, wages will be

FINANCIAL
POST UTME OAU

At the end of a trading period, wages will be

  • A) debited to trading account and shown as a current liability
  • B) Credited to profit and loss Account and shown as a current liability
  • C) credited to trading account and shown as a current asset
  • D) debited to profit and loss account and shown as a current liability

Correct Answer: A) debited to trading account and shown as a current liability

PreviousNext
Back to POST UTME OAU Questions
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.
Login to comment.