O-LevelAccountingPreparation of financial statements7707/12 · May/June 2020 · Q191 Mark

Annual rental income due from Kumar, a tenant, is $3600. At the start of the year Kumar had prepaid rent of $900. At the end of the year he owed two months' rent. How much rent was received from Kumar during the year?

A$2100

B$3300

C$3900

D$5100

✓ Correct answer

A: $2100

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 2, question 19.

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