A trader prepares his accounts annually to 30 April. He pays annual rent of $12 000 and

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A trader prepares his accounts annually to 30 April. He pays annual rent of $12 000 and makes the payments quarterly in advance on 1 January, 1 April, 1 July and 1 October.

Which amount should be included in his accounts for the year ended 30 April 2004?

A. $1000 accrual

B. $1000 prepayment

C. $2000 accrual

D. $2000 prepayment

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:04 AM

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A trader prepares his accounts annually to 30 April. He pays annual rent of $12 000 and

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Accounting A Level And AS Level

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