Romulus pays rent regularly quarterly in arrears on 31 March, 30 June, 30 September and 31 December. Annual rent, agreed at £240,000, was increased to £300,000 from 1 July 2010. The amount to be expensed in the year to 31 August 2011 and reported as accrued as at that date would be:

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Expense Accrued a £200,000 £60,000 b £240,000 £50,000 c £300,000 £50,000 d £290,000 £60,000