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12) A tenant pays annual rent of $6,000. Payment is made quarterly in advance on 1 January, 1 April, 1 July and 1 October. Which

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12) A tenant pays annual rent of $6,000. Payment is made quarterly in advance on 1 January, 1 April, 1 July and 1 October. Which of the following should be included in his accounts for the year ended 31 October 2001? $500 Accrual $500 Prepayment $1,000 Accrual $1,000 Prepayment

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