Rent on business premises has been agreed at 3,000 per month. 9,000 rent had been prepaid at

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Rent on business premises has been agreed at £3,000 per month. £9,000 rent had been prepaid at commencement of the year; whilst two months’ rent was in arrears by the year-end. Identify the cash outflow on rent.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 28, 2023 08:05 AM

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Rent on business premises has been agreed at 3,000 per month. 9,000 rent had been prepaid at

Question:

a £36,000 b £21,000 c £39,000 d £51,000

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Financial Accounting An Introduction

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