Post Utme Futa 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company's trial balance shows an error of ₦0.50 in the debit side of the account 'Rent Received'. The error is due to the omission of a receipt of ₦0.50 from the cash book. Prepare the necessary journal entry to rectify the error.

Answer Options

Correct Answer A. Debit Rent Received ₦0.50, Credit Cash ₦0.50
B. Debit Rent Received ₦0.50, Credit Bank ₦0.50
C. Debit Rent Received ₦0.50, Credit Cash ₦0.50 and Bank ₦0.50
D. Debit Rent Received ₦0.50, Credit Bank ₦0.50 and Cash ₦0.50
Correct Answer
A
Correct Option:
Debit Rent Received ₦0.50, Credit Cash ₦0.50

About This Question

This is Post Utme Futa 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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