Post Utme Unilag 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦5,000 in the account 'Rent Received' and a credit balance of ₦4,200 in the account 'Rent Paid'. What is the correct journal entry to record the correction of this error?

Answer Options

Correct Answer A. Debit Rent Paid ₦800, Credit Rent Received ₦800
B. Debit Rent Paid ₦800, Credit Rent Received ₦5,000
C. Debit Rent Received ₦5,000, Credit Rent Paid ₦5,000
D. Debit Rent Received ₦5,000, Credit Rent Paid ₦4,200
Correct Answer
A
Correct Option:
Debit Rent Paid ₦800, Credit Rent Received ₦800

About This Question

This is Post Utme Unilag 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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