Post Utme Crawford University 2023 Accounting Question 19

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

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's accounting records show the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | 10,000 | | | 5-Jan | Sales | | 15,000 | | 10-Jan | Rent | 5,000 | | | 15-Jan | Purchase | | 8,000 | | 20-Jan | Cash | | 12,000 | What is the correct journal entry for the rent transaction on 10-Jan?

Answer Options

Correct Answer A. Debit Rent 5,000, Credit Cash 5,000
B. Debit Rent 5,000, Credit Accounts Payable 5,000
C. Debit Accounts Payable 5,000, Credit Rent 5,000
D. Debit Cash 5,000, Credit Rent 5,000
Correct Answer
A
Correct Option:
Debit Rent 5,000, Credit Cash 5,000

About This Question

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

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