Post Utme Uniben 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice

Question 19 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. What is the effect of debiting the account 'Rent Received'?

Answer Options

A. Increases the asset account

Correct Answer B. Decreases the asset account

C. Increases the liability account

D. Decreases the liability account

Correct Answer

Correct Option:

Decreases the asset account

About This Question

This is Post Utme Uniben 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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