O-LevelAccountingAccounting proceduresOct/Nov 2020Paper 1 Q151 Mark
Hayley's financial year ends on 30 September 2020. She provided the following information. $ on 1 October 2019 rent receivable accrued 480 during the year ended 30 September 2020 rent received 6800 On 30 September 2020 rent received in advance 720 Which journal entry would be made on 30 September 2020?
Adebit income statement $5600, credit rent receivable $5600
Bdebit income statement $6560, credit rent receivable $6560
Cdebit rent receivable $5600, credit income statement $5600
Ddebit rent receivable $6560, credit income statement $6560
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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