Rent received from a tenant in cash, $450, was entered in the accounts as $460 How will this affect the trial balance Debit balances in trial balance Credit balances in trial balance A cash overstated no effect B cash overstated rent receivable overstated C no effect rent receivable overstated D re...

Solution The correct option is B Explanation As it is an er ...

Rent received from a tenant in cash, $450, was entered in the accounts as $460. How will

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Rent received from a tenant in cash, $450, was entered in the accounts as $460.
How will this affect the trial balance?

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 14, 2021 12:30 AM

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Rent received from a tenant in cash, $450, was entered in the accounts as $460. How will

Question:

Debit balances in trial balance Credit balances in trial balance A cash overstated no effect B cash overstated rent receivable overstated C no effect rent receivable overstated D rent receivable overstated cash overstated

Step by Step Answer:

Solution The correct option is B Explanation As it is an er...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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