A rent of #50,000 was paid by samson to his landlady by cheque. The double
FINANCIAL
JAMB 2019
A rent of #50,000 was paid by samson to his landlady by cheque. The double entry in Samson's book is
- A. Debit rent account, Credit bank account
- B. Debit Rent account, Credit Samson's account
- C. Debit Bank account, Credit Rent account
- D. Debit Samson's account, Credit Rent account
Correct Answer: B. Debit Rent account, Credit Samson's account
Explanation
Since Rent is receiving then rent account is debited while Samson's account is credited because it is giving out.
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