Question: 12:40 11 4G elearning.act.edu.om III Given below is extract of the Trial Balance as at 31st March, 2020 of Raheem Co Particulars Debit (s) Salary

12:40 11 4G elearning.act.edu.om III Given below is extract of the Trial Balance as at 31st March, 2020 of Raheem Co Particulars Debit (s) Salary 6,000 Rent 16,000 Additional Information: 1. Salary outstanding amounted to $2,000 . Rent Prepaid for the year was $1,000 What amount will appear as Rent expense in the income statement for the year ended 3184 March, 2020? What amount will appear as a Current Asset or Current Liability in respect of Rent Prepaid in the Statement of Financial Position as at 31st March, 2020

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