Post Utme Rhema University 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Rent and Rates' account. However, the company's accounting records show that it paid ₦20,000 for rent and rates during the year. Prepare the necessary journal entry to correct the error.

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦5,000
Correct Answer D. ₦10,000
Correct Answer
D
Correct Option:
₦10,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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