Jamb Accounts - Principles of Accounts 1995 Past Questions and Answers

Question 51:

• JAMB 1995

What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with

A. N 3 000 and show wages accrued N 500 in the balance sheet
B. N2 000 and show wages accrued N500 in the balance sheet
C. N 3 000 and show wages perpaid N 500 in the balance sheet
D. N 2000 and show wages paid in advance N500 in the balace sheet