On 1 January 2020, a company received OMR 14000 cash as rent revenue for two years. Pass the adjusting entry on 31st December 2020   Select one: a. None of these b. Date Particulars Debit (OMR) Credit (OMR) 31 Dec        Unearned rent revenue Income         rent revenue Income 7000   7000 c. Date Particulars Debit (OMR) Credit (OMR) 31 Dec        Unearned rent revenue Income         rent revenue Income 14000   14000 d. Date Particulars Debit (OMR) Credit (OMR) 31 Dec Cash        Unearned rent revenue Income 14000   14000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On 1 January 2020, a company received OMR 14000 cash as rent revenue for two years. Pass the adjusting entry on 31st December 2020


 

Select one:
a.
None of these
b.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec        Unearned rent revenue Income
        rent revenue Income

7000

 

7000

c.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec        Unearned rent revenue Income
        rent revenue Income

14000

 

14000

d.
Date Particulars Debit (OMR) Credit (OMR)
31 Dec Cash
       Unearned rent revenue Income

14000

 

14000

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