Post Utme Eksu 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice

Question 36 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦5,000 in the account 'Rent Received'. Prepare the journal entry to correct this error.

Correct Answer A. Debit Rent Received ₦5,000, Credit Rent Paid ₦5,000

B. Debit Rent Received ₦5,000, Credit Rent Expense ₦5,000

C. Debit Rent Expense ₦5,000, Credit Rent Received ₦5,000

D. Debit Rent Paid ₦5,000, Credit Rent Received ₦5,000

Correct Answer

Correct Option:

Debit Rent Received ₦5,000, Credit Rent Paid ₦5,000

This is Post Utme Eksu 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

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