Accounting Multiple Choice Question – 11 February 2024

What transaction is represented by the double-entry:

• debit rent (expense) and credit landlord (current liability)?

Select ONE answer:

1. The receipt of rental income by the business
2. The issue of an invoice for rent to a tenant
3. The receipt of an invoice for rent payable by the business
4. The payment of rent by the business

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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