Post Utme Caleb University 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦1,500 in the account 'Rent Received' and a credit balance of ₦1,200 in the account 'Rent Paid'. What is the correct journal entry to rectify this discrepancy?

Answer Options

A. Debit Rent Paid by ₦300 and Credit Rent Received by ₦300
Correct Answer B. Debit Rent Received by ₦300 and Credit Rent Paid by ₦300
C. Debit Rent Paid by ₦300 and Credit Rent Received by ₦300
D. Credit Rent Paid by ₦300 and Debit Rent Received by ₦300
Correct Answer
B
Correct Option:
Debit Rent Received by ₦300 and Credit Rent Paid by ₦300

About This Question

This is Post Utme Caleb University 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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