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9 Paul Company has an accounting year ended on 31 October The company pays rent on its premises quarterly in advance on 1 January, 1

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9 Paul Company has an accounting year ended on 31 October The company pays rent on its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was 60,000 per year until 30 June 20X2 when it was increased to 72,000 per year as from 1 July 20X2. The charge to the profit and loss account in respect of rent for the year ended 31 October 20X2 will be I A. 54,000 B. 64,000 C. 65,000 D. 66,000

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