Post Utme Redeemers University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice

Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the account 'Rent Received'. What is the correct journal entry to record the rent received?

Answer Options

A. ₦15,000 debit to Rent Received

Correct Answer B. ₦15,000 credit to Rent Received

C. ₦15,000 debit to Rent Paid

D. ₦15,000 credit to Rent Paid

Correct Answer

Correct Option:

₦15,000 credit to Rent Received

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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