O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2018 · Q101 Mark
Ella rents business premises. She owed rent at both the start and the end of the financial year. How can rent payable for the year be calculated?
Arent paid – amount owing at start of year
Brent paid – amount owing at start of year + amount owing at end of year
Crent paid + amount owing at end of year
Drent paid + amount owing at start of year – amount owing at end of year
✓ Correct answer
A: rent paid – amount owing at start of year
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