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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.

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 20X6?

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The correct journal entry to record the accrued rental income as at 31 January 20X6 is Dr Accrued Re... blur-text-image

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