\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2...
Use the following information to answer the given question
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received during the year 2005} & D5,000\\ \text{Rent receivable accrued 31/12/2005} & 2,600\end{array}\)
The entry for rent received in the profit and loss account for the year ended 31st December 2005 is
Credit profit and loss account with D4,500
Credit profit and loss account with D2,500
Debit profit and loss account with D2,500
Debit profit and loss account with D,500
Correct answer is D
No explanation has been provided for this answer.
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