A business sublets part of its office accommodation. The rent is received quarterly in advance on 1

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A business sublets part of its office accommodation.

The rent is received quarterly in advance on

1

January,

1

April,

1

July and

1

October. The annual rent charge is

30, 000 .

What is the correct journal entry to record the accrued or deferred rental income as at

31

January

20

6 ?

Related Book For answer-question

Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Posted Date: Apr 03, 2024 12:30 PM

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A business sublets part of its office accommodation. The rent is received quarterly in advance on 1

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The correct journal entry to record the accrued rental income as at 31 January 20X6 is Dr Accrued Re... View the full answer

Frank Woods Business Accounting An Introduction To Financial Accounting

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