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Sandy Ltd rented out its office at a monthly rental of $1,800 to a tenant on 1 February 2017. Rental of $23,400 was received and
Sandy Ltd rented out its office at a monthly rental of $1,800 to a tenant on 1 February 2017. Rental of $23,400 was received and taken up as rental income. The net profit for the accounting year ended 31 December 2017 was $88,500. After adjusting for the above, the adjusted profit for the year should be 1) $84,900. 2) $86,700. 3) $110.100. 4) $111,900
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