Accounts (Principles of Accounts)Accruals, prepayments and provisionsWAEC
Rent paid during the year was ₦11,000 and ₦1,000 was still owing at the year end. The rent charged to profit and loss is
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Answer: C. ₦12,000
Charge the full year's cost: 11,000 + 1,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.