A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2013 · Q71 Mark
A company's financial year ends on 31 December. At 31 December Year 1 the company carried forward a debit balance of $36200 on the rent account. During Year 2 payments made for 12 months' rent, to 31 March Year 3, were $157200. What is the amount of rent to be charged in the income statement in Year 2?
A$121000
B$154 100
C$160300
D$193400
✓ Correct answer
B: $154 100
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