Post Utme Uniport 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦15,000 in the 'Rent Received' account. Prepare the necessary journal entry to correct this error.

Answer Options

A. ₦15,000 debit to 'Rent Received' and ₦15,000 credit to 'Rent Paid'
Correct Answer B. ₦15,000 debit to 'Rent Paid' and ₦15,000 credit to 'Rent Received'
C. ₦15,000 debit to 'Rent Received' and ₦15,000 credit to 'Cash'
D. ₦15,000 debit to 'Cash' and ₦15,000 credit to 'Rent Received'
Correct Answer
B
Correct Option:
₦15,000 debit to 'Rent Paid' and ₦15,000 credit to 'Rent Received'

About This Question

This is Post Utme Uniport 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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