Prepaid rent in trial balance = 2 , 5 0 0 Rent in trial balance = 8
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Question:
Prepaid rent in trial balance
Rent in trial balance
The figure for prepayments at January in the trial balance is in respect
of two months rent paid in advance. On November the company paid
rent on one of its premises of for six months, in advance.
What is the rent in income statement? Can someone explain step by step how to derive the answer? I have the answer but I dont understand.
The correct answer is Rent
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