Accounting Mcqs

Q.  For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows:

March 31,2010 – ` 56,000
March 31, 2011 – ` 51,000
March 31, 2012 – ` 64,000

The entry on March 31, 2012 to rectify these omissions would include a


a. Credit to wage expense for ` 64,000
b. Debit to wage expense for ` 64,000
c. Debit to wage expense for ` 51,000
d. Debit to wage expense for ` 13,000


ANSWER: See Answer
 
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