A business owns seven flats rented out to staff at 500 per month. All flats were tenanted
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A business owns seven flats rented out to staff at £500 per month. All flats were tenanted during the year. As at 1 January 21 months’ rent was in arrears and as at 31 December 14 months’ rent was in arrears. Identify the cash inflow during the year ended 31 December.
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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