O-LevelAccountingAccounting procedures7707/12 · May/June 2014 · Q101 Mark

Wilmer rents property to a tenant at a monthly rent of $300. On 1 April 2013 the tenant owed one month's rent. During the year ended 31 March 2014 the tenant paid $4800 for the period 1 March 2013 to 30 June 2014. How much rent will Wilmer transfer to the income statement for the year ended 31 March 2014?

A$3600

B$3900

C$4200

D$4500

✓ Correct answer

A: $3600

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 10.

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