Post Utme Uniben 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦100,000 in the account 'Rent Expense' and a credit balance of ₦150,000 in the account 'Prepaid Rent'. What is the correct journal entry to record the rent expense?

Answer Options

A. Debit Rent Expense ₦100,000, Credit Prepaid Rent ₦100,000
B. Debit Rent Expense ₦150,000, Credit Prepaid Rent ₦150,000
Correct Answer C. Debit Rent Expense ₦100,000, Credit Prepaid Rent ₦150,000
D. Debit Rent Expense ₦150,000, Credit Prepaid Rent ₦100,000
Correct Answer
C
Correct Option:
Debit Rent Expense ₦100,000, Credit Prepaid Rent ₦150,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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