Post Utme Redeemers University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦15,000 credit to Rent Paid
Correct Answer B. ₦15,000 debit to Rent Paid
C. ₦15,000 credit to Rent Received
D. ₦15,000 debit to Rent Received
Correct Answer
B
Correct Option:
₦15,000 debit to Rent Paid

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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