Post Utme Greenfield University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received'. However, the company's accounting records show that it has not received any rent from its tenants. What is the most likely explanation for this discrepancy?

Answer Options

A. The company has incorrectly recorded the rent received as a debit.
B. The company has incorrectly recorded the rent received as a credit.
Correct Answer C. The company has not received any rent from its tenants.
D. The company has incorrectly recorded the rent paid as a debit.
Correct Answer
C
Correct Option:
The company has not received any rent from its tenants.

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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