Question
En Hafiz received RM900 per month for his house rented out since 2001. He incurred the following expenses during the year 2015: Quit rent320 Assessment850
En Hafiz received RM900 per month for his house rented out since 2001. He incurred the following expenses during the year 2015:
Quit rent320
Assessment850
Insurance premium - Personal Accident430
- Theft and Fire on the house let out720
Bank repayment (including interest RM1800)8100
Repairs and maintenance320
Required;
Compute the adjusted income from rent source for the YA 2015.
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Accounting Information Systems
Authors: Cynthia D Heagy, Constance M Lehmann
7th Edition
1111219516, 978-1111219512
