Alistair rents three shops and maintains one account for rent and rates for all three premises. The
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Alistair rents three shops and maintains one account for rent and rates for all three premises.
The rents are fixed for each year and increases take effect as from 1 January.
At 1 January 20X0, he had paid all of the rent up to date, but there was a prepayment in relation to rates of £1,100.
During the year ended 31 December 20X0 he made the following payments:
Required:
Write up the rent and rates account for 20X0 showing the total profit and loss account charge.
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Related Book For
Accounting Theory And Practice
ISBN: 9780273651611
7th Edition
Authors: M. W. E. Glautier, Brian Underdown
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