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

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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

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Details
Chapter # 10- Accurals and prepayment
Section: Multiple Choice Questions
Problem: 1
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Question Posted: August 27, 2023 09:04:16
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