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O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2022 · Q151 Mark

Martha rents out part of her business premises. On 1 September 2021, she was owed rent of $1500 and on 31 August 2022 she was owed $1800 rent. During the year ended 31 August 2022, Martha received rent of $6000. How much was transferred to Martha's income statement for the year ended 31 August 2022?

A$2700
B$5700
C$6300
D$9300

✓ Correct answer

C: $6300

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 15.

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