Question 18

Use the following information to answer this questions.

Rent prepaid - 1/01/2014 - N600
Rent paid - 31/12/2014 - N3,000
Rent prepaid - 31/12/2014 - N400.

The balance sheet as at 31st December 2014 will show

  • A.Current asset of N600
  • B.Current asset of N400
  • C.Current liability of N400
  • D.Current asset of N600
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2016
Question no.
#18
Type
Objective

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