Use the information to answer the question. ...................................................30/9/06.......30/9/07..... .......................................................N.............N......... Accrued insurance premium........600...........710....... Prepaid rent income....................490............630.........
FINANCIAL
JAMB 2009
Use the information to answer the question.
...................................................30/9/06.......30/9/07.....
.......................................................N.............N.........
Accrued insurance premium........600...........710.......
Prepaid rent income....................490............630......
The cash book includes N1,850 and N,2,100 with respect to insurance premium and rent income respectively.
What amount is to be credited to the profit and loss account in respect of rent income?
- A. N1,710
- B. N1760
- C. N2000
- D. N2240
Correct Answer: D. N2240
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