On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited
FINANCIAL
JAMB 1997
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account. At 31/12/93, what portion of that amount was prepaid?
- A. N14,583
- B. N25,000
- C. N35,417
- D. N37,415
Correct Answer: A. N14,583
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