Post Utme Mountain Top University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows a debit balance of ₦25,000 in the account 'Rent' and a credit balance of ₦20,000 in the account 'Depreciation'. What is the correct journal entry to record the transaction?

Answer Options

A. ₦25,000 debit to Depreciation and ₦20,000 credit to Rent
B. ₦25,000 credit to Depreciation and ₦20,000 debit to Rent
Correct Answer C. ₦25,000 debit to Rent and ₦20,000 credit to Depreciation
D. ₦25,000 credit to Rent and ₦20,000 debit to Depreciation
Correct Answer
C
Correct Option:
₦25,000 debit to Rent and ₦20,000 credit to Depreciation

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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