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ABC limited pays for rent expenses in arrears. The monthly rent amounts to sh 145,840. As at 1st January 2011 rent outstanding amounted to sh

ABC limited pays for rent expenses in arrears. The monthly rent amounts to sh 145,840. As at 1st January 2011 rent outstanding amounted to sh 568,400. Analysis of the cash book indicated that the company paid sh 600,000 during the year. Required; Compute the rent outstanding as at the end of the year and prepare the ledger accounts

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