please you have 1h to answer

1.Taught Time Trading is based at Oshikango in the northern part of Namibia, the company purchased a building and leased this building to various tenants who wish to do business in the central town of Oshikango. One of the tenants Mr. Shipuna pays an amount of N$ 5 000 per month. To keep a good relationship with his landlord Mr. Shipuna always paid rent on time, at the end of December 2019 Mr. Shipuna paid rent amounting to N$ 15 000 of which N$10 000 is for January and February 2020.

Which of the following will be recorded under current liabilities in the statement of financial position of Taught Time Trading as at 31 December 2019?

a. None of all

b. Rent paid N$10 000

c. Rent received in advance N$10 000

d. Rent receivable N$10 000

Taught Time Trading is based at Oshikango in the northern part of Namibia, the company purchased a building and leased this building to various tenants who wish to do business in the central town of Oshikango. One of the tenants Mr. Shipuna pays an amount of N$ 5 000 per month. To keep a good relationship with his landlord Mr. Shipuna always paid rent on time, at the end of December 2019 Mr. Shipuna paid rent amounting to N$ 15 000 of which N$10 000 is for January and February 2020.

An amount of N$ 60 000 for rent received from Mr Shipuna will be recorded by Taught Time Tradings bookkeeper for the year ending 2019 in the following statement.

a. Statement of profit or loss and other comprehensive income

b. Statement of financial position

c. Statement of cash flow

d. None of all

3. Zeta Ltd has the following balances for the year-end 28 February 2020. Opening balances as at 1 March 2019 were as follow:

Net profit for the period ended 28 February 2020 amounted to N$55 600

Calculate the total equity from the balances below:

Select one:

a. Total equity N$205 600

b. Total equity N$230 600

c. Total equity N$265 600

d. None of all

Account name N$ 25 000 Long term loan Capital contribution 120 000 Accumulated income/retained profit 60 000 Drawings 30 000