A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q31 Mark
Rent is paid by a business monthly in advance on the first day of each month. The payments during this financial year have been as follows. up to and including 1 June $500 per month from 1 July $600 per month Which amount(s) will appear in the financial statements for the year ended 31 October?
A$6400 $600 other receivables
B$6400 $600 other payables
C$6400 –
D$7000 –
✓ Correct answer
C: $6400 –
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