Post Utme Achievers University 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice

Question 6 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received'. What is the correct treatment of this account in the preparation of the company's final accounts?

Answer Options

Correct Answer A. Debit side of the Profit and Loss Account

B. Credit side of the Profit and Loss Account

C. Debit side of the Balance Sheet

D. Credit side of the Balance Sheet

Correct Answer

Correct Option:

Debit side of the Profit and Loss Account

About This Question

This is Post Utme Achievers University 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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