Post Utme Babcock University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice

Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦350,000 in the account 'Rent Received' and a credit balance of ₦400,000 in the account 'Rent Paid'. What is the correct journal entry to rectify this error?

Answer Options

A. ₦50,000 debit to Rent Paid and ₦50,000 credit to Rent Received

B. ₦50,000 debit to Rent Received and ₦50,000 credit to Rent Paid

C. ₦400,000 debit to Rent Paid and ₦350,000 credit to Rent Received

D. ₦350,000 debit to Rent Received and ₦400,000 credit to Rent Paid

Correct Answer

N/A

About This Question

This is Post Utme Babcock University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

View More Post Utme Babcock University 2023 Accounting Questions More Post Utme Babcock University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support