In addition to its trading activities a business earns substantial amounts as rent, particulars of which are
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In addition to its trading activities a business earns substantial amounts as rent, particulars of which are stated on the left. Rent received during 2012 was £54,800. Identify the rental income it should report on its Statement of income for the year 2012.
Transcribed Image Text:
As at 31 December Rent received in advance Rent in arrears 2011 2012 £9,800 £5,400 £21,500 £32,600
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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