Question 0

On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.
The adjustment needed as at 31st December 1993 is?

  • A.debit rent account and credited adjustment account
  • B.debit prepayment account and credit rent account
  • C.debit rent account and credit prepayment account
  • D.debit adjustment account and credit prepayment account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1997
Question no.
#0
Type
Objective

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