Post Utme Eksu 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received' while the ledger account shows a credit balance of ₦20,000. What is the correct journal entry to rectify this error?

Answer Options

A. ₦15,000 debit to Rent Received and ₦20,000 credit to Rent Received
Correct Answer B. ₦15,000 credit to Rent Received and ₦20,000 debit to Rent Received
C. ₦15,000 debit to Rent Received and ₦20,000 debit to Rent Received
D. ₦15,000 credit to Rent Received and ₦20,000 credit to Rent Received
Correct Answer
B
Correct Option:
₦15,000 credit to Rent Received and ₦20,000 debit to Rent Received

About This Question

This is Post Utme Eksu 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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