O-LevelAccountingAccounting proceduresOct/Nov 2018Paper 1 Q91 Mark
Seema's financial year ends on 30 September. She rents premises at a monthly rent of $2000. During the year ended 30 September 2018 she paid $26000 rent. Which journal entry will Seema make on 30 September 2018 to transfer the rent to the income statement?
Adebit: income statement $24000, credit: rent $24 000
Bdebit: income statement $26000, credit: rent $26000
Cdebit: rent $24 000, credit: income statement $24 000
Ddebit: rent $26 000, credit: income statement $26000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
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