A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q11 Mark
Rent for premises is paid monthly in advance on the first day of each month. The payments during the last financial year were as follows. up to and including 1 January $1000 per month from 1 February $1200 per month Which amount(s) will appear in the financial statements for the year ended 30 April?
A$12 400 --
B$12 600 --
C$12 600 $1200 accrual
D$12 600 $1200 prepaid
✓ Correct answer
B: $12 600 --
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