STPM Perakaunan 948 Practice Questions - Sijil Tinggi Persekolahan Malaysia (STPM) - Perakaunan Accounting (948) Exam

On 1 March a firm receives RM3,600 cash for 6 months’ rent in advance. At 31 March the adjusting entry should:

Debit Unearned rent revenue RM3,600; credit Rent revenue RM3,600 Debit Unearned rent revenue RM600; credit Rent revenue RM600 Debit Rent revenue RM600; credit Unearned rent revenue RM600 Debit Cash RM600; credit Rent revenue RM600

Correct Answer:

Debit Unearned rent revenue RM600; credit Rent revenue RM600

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