Post Utme Esut 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice

Question 23 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the account 'Rent Received'. What is the correct journal entry to record the rent received?

A. Debit Rent Received ₦50,000, Credit Cash ₦50,000

Correct Answer B. Debit Cash ₦50,000, Credit Rent Received ₦50,000

C. Debit Rent Received ₦50,000, Credit Rent Paid ₦50,000

D. Debit Rent Paid ₦50,000, Credit Rent Received ₦50,000

Correct Answer

Correct Option:

Debit Cash ₦50,000, Credit Rent Received ₦50,000

This is Post Utme Esut 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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