Post Utme Mountain Top University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice

Question 27 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received'. What is the correct treatment of this account in the final accounts?

Answer Options

A. Debit side of the Profit and Loss Account

Correct Answer B. Credit side of the Profit and Loss Account

C. Debit side of the Balance Sheet

D. Credit side of the Balance Sheet

Correct Answer

Correct Option:

Credit side of the Profit and Loss Account

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

View More Post Utme Mountain Top University 2025 Accounting Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support