O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2012 · Q221 Mark

A rent account showed a debit balance of $2000 on 1 January 2011. Rent paid during the year ended 31 December 2011 was $12 000. Rent prepaid at 31 December 2011 amounted to $3000. What was the charge for rent in the income statement for the year ended 31 December 2011?

A$11 000

B$12 000

C$14 000

D$15 000

✓ Correct answer

A: $11 000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 22.

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