Post Utme Futo 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the account 'Rent Received'. The company's accounting policy requires that rent received be treated as an asset. Calculate the correct treatment of the rent received.

Answer Options

Correct Answer A. ₦50,000
B. ₦0
C. ₦100,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Futo 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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