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Question 9 of 10 2.5 Points QUESTION 9 Rent expense paid in advance by an entity at the end of the entity's financial year is
Question 9 of 10 2.5 Points QUESTION 9 Rent expense paid in advance by an entity at the end of the entity's financial year is recorded in the financial statement as: A. Prepayments in the current assets section of the statement of financial position. B. Prepayments in the non-current section of the statement of financial position. . C. An expense in the statement of profit or loss and other comprehensive income. D. Equity in the statement of changes in equity. Reset Selection QUESTION 10 An invoice received at year end for delivery expenses of purchases delivered on the last day of the financial year is recorded in the general journal at year end by: A. Debiting the inventory account and crediting trade payables account. B. Debiting the cost of sales account and crediting inventory account. C. Debiting the inventory account and crediting the cost of sales account. D. Debiting the delivery expenses account and crediting the trade payables account. Reset Selection
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