Day: August 21, 2020

The following ledger account appeared in the books of a trader.

Select ONE answer:

1. rent payable outstanding
2. rent payable prepaid
3. rent receivable outstanding
4. rent receivable prepaid

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct – accrual
2. Not correct
3. Not correct
4. Not correct

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