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The recording of wages due but not yet paid is an example of an adjustment for

The recording of wages due but not yet paid is an example of an adjustment for
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Recognizing revenue unaccounted
  • B Recognizing accrued expenses
  • C Apportionment of revenue between two periods
  • D Recognizing prepaid expenses.
Correct Answer: Option B
Explanation:
Wages owed but unpaid are accrued expenses and must be recognized in the accounts.

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