O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2019 · Q121 Mark

A flat above a trader's shop was rented out at $90 a month from 1 July 2018. At 30 June 2019 the rent receivable account showed entries for rent received from the tenant totalling $900. What was the balance of the rent receivable account on 1 July 2019?

Acredit $90

Bcredit $180

Cdebit $90

Ddebit $180

✓ Correct answer

D: debit $180

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 12.

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