A-LevelAccountingPreparation of financial statements9706/12 · May/June 2013 · Q31 Mark

A rents its building to B. At 31 December 2011, B owed $4500 for rent. At 31 December 2012, B had paid $3200 in advance. During the year A had received $17100 in rental from B. What is the rental income to be shown in A's income statement for the year ended 31 December 2012?

A$9400

B$15800

C$18400

D$24800

✓ Correct answer

A: $9400

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2013 Paper 1 Variant 2, question 3.

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