Post Utme Bells University 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice

Question 24 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦40,000 in the 'Rent Received' account. What is the correct journal entry to record this transaction?

Answer Options

A. Debit Rent Received ₦40,000, Credit Cash ₦40,000

B. Debit Cash ₦40,000, Credit Rent Received ₦40,000

C. Debit Rent Received ₦40,000, Credit Rent Paid ₦40,000

D. Debit Rent Paid ₦40,000, Credit Rent Received ₦40,000

Correct Answer

N/A

About This Question

This is Post Utme Bells University 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

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