O-LevelAccountingAccounting procedures7707/11 · May/June 2016 · Q151 Mark

Leroy sublets part of his premises to Boris. How can Leroy calculate the rent receivable for the year?

Aamount received – opening accrual – closing prepayment

Bamount received – opening accrual + closing prepayment

Camount received + opening accrual – closing prepayment

Damount received + opening accrual + closing prepayment

✓ Correct answer

A: amount received – opening accrual – closing prepayment

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2016 Paper 1 Variant 1, question 15.

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