During the year ended 31st December 2001,Nuju Enterprises paid rent as follows:Jan. 20, N24 000

FINANCIAL
JAMB 2003

During the year ended 31st December 2001,Nuju Enterprises paid rent as follows:Jan. 20, N24 000 for a period of 4 months.May. 16, N30 000 for a period of 5 months.Oct. 15, N36 000 for a period of 6 months.

What is the overpaid portion of the rent?

  • A. N36 000
  • B. N18 000
  • C. N12 000
  • D. N6 000

Correct Answer: B. N18 000



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