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WAEC Financial Accounting 2007 Question 13

Question 13

Double Entry and the Ledger

A rent of N12,000 was paid by Taiwo to his landlord by cheque. The double entry in Taiwo's books is

  1. A.debit Rent Account, credit Bank Account
  2. B.debit Rent Account, credit Taiwo's Account
  3. C.debit Bank Account, credit Rent Account
  4. D.debit Taiwo's Account, credit Rent Account.
Show the answer and explanation

Answer: A (debit Rent Account, credit Bank Account)

Explanation

Rent expense is debited and the bank, which paid, is credited.