Day: November 25, 2021

At the end of year 1, a company had a debit balance of £770 on its Rent Payable account.

Payments for rent in year 2 totalled £10,700 and at the end of the year rent prepaid was £1,280.

How much rent was charged against profit in year 2?

Select ONE answer:

1. £8,650
2. £10,190
3. £10,700
4. £11,210

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 2

1. Not correct
2. Correct==> +£770 + £10,700 – £1,280
3. Not correct
4. Not correct

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