Post Utme Uniben 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIBEN • 2020 • 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 correct this error?

Answer Options

A. Debit Rent Received ₦15,000, Credit Rent Paid ₦15,000
Correct Answer B. Debit Rent Paid ₦15,000, Credit Rent Received ₦15,000
C. Debit Rent Received ₦15,000, Credit Cash ₦15,000
D. Debit Cash ₦15,000, Credit Rent Received ₦15,000
Correct Answer
B
Correct Option:
Debit Rent Paid ₦15,000, Credit Rent Received ₦15,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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