Post Utme Rhema University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₦50,000 in the account 'Rent Received'. However, the company's cash book shows a debit balance of ₦20,000 in the account 'Rent Received'. What is the correct journal entry to eliminate the discrepancy?

Answer Options

Correct Answer A. ₦30,000 debit to Rent Received and ₦30,000 credit to Cash
B. ₦20,000 debit to Rent Received and ₦20,000 credit to Cash
C. ₦50,000 debit to Rent Received and ₦50,000 credit to Cash
D. ₦30,000 debit to Cash and ₦30,000 credit to Rent Received
Correct Answer
A
Correct Option:
₦30,000 debit to Rent Received and ₦30,000 credit to Cash

About This Question

This is Post Utme Rhema University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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