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A company receives rent from a large number of properties. The total received in the year ended 31 December 2018 was RO 666,000. The following
A company receives rent from a large number of properties. The total received in the year ended 31 December 2018 was RO 666,000. The following were the amounts of rent in advance and in arrears at 31 December 2017 and 2018:
What amount of rental income should appear in the companys statement of profit or loss for the year ended 31 December 2018?
a.
RO 646,200
b.
RO 685,200
c.
RO 651,600
d.
RO 680,400
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