Post Utme Osustech 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Osustech Accounting examination.

Post Utme Osustech 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_OSUSTECH • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received' and a credit balance of ₦20,000 in the account 'Rent Paid'. What is the correct journal entry to rectify this error?

Answer Options

A. Debit Rent Paid ₦5,000, Credit Rent Received ₦5,000
B. Debit Rent Paid ₦5,000, Credit Rent Received ₦5,000 and Debit Rent Received ₦15,000
C. Debit Rent Paid ₦5,000, Credit Rent Received ₦5,000 and Credit Rent Paid ₦5,000
Correct Answer D. Debit Rent Received ₦15,000, Credit Rent Paid ₦20,000
Correct Answer
D
Correct Option:
Debit Rent Received ₦15,000, Credit Rent Paid ₦20,000

About This Question

This is Post Utme Osustech 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Osustech Accounting examination.

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