Mr. Bod has paid rent of i2,400 for the period 1 April 20X1 to 31 March 20X2.

Question:

His first accounts are drawn up for the nine months ended 31 December 20X1.

His first accounts should show:

(a) A rent expense of i2,400.

(b) A rent expense of i1,800 and a prepayment of i600.

(c) A rent expense of i1,800 and accrued expenses of i600.

(c) A rent expense of i2,400 with an explanatory note that this is the usual charge for twelve months.

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Financial Accounting An International Introduction

ISBN: 9780273685203

2nd Edition

Authors: David Alexander

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Question Posted: Jun 11, 2024 01:02 AM

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Mr. Bod has paid rent of i2,400 for the period 1 April 20X1 to 31 March 20X2.

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Financial Accounting An International Introduction

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