Post Utme Rhema University 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice

Question 1 POST_UTME_RHEMA_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 this transaction?

Answer Options

Correct Answer A. ₦15,000 debit to Rent Received

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 debit to Rent Received

About This Question

This is Post Utme Rhema University 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

View More Post Utme Rhema University 2019 Accounting Questions More Post Utme Rhema 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