Post Utme Aaua 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice

Question 33 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦200,000 in the account 'Rent Received'. What is the correct treatment for this account?

A. Debit the account

B. Credit the account

Correct Answer C. Transfer the amount to the profit and loss account

D. Leave the account as it is

Correct Answer

Correct Option:

Transfer the amount to the profit and loss account

This is Post Utme Aaua 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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