O-LevelAccountingAccounting procedures7707/11 · May/June 2025 · Q161 Mark

T Limited rents out part of its premises. At the start of the year, the tenant was $600 in arrears. During the year, T Limited received $8650 in rent from the tenant. T Limited's income statement showed rent receivable for the year as $7900. What was the balance brought down on the rent receivable account at the start of the following year?

A$150 on the credit side

B$150 on the debit side

C$1350 on the credit side

D$1350 on the debit side

✓ Correct answer

A: $150 on the credit side

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 16.

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