\(\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 rent receivable accrued as at 31st December 2005 is shown in the balance sheet as
Current asset
Current liability
Long-term liability
Fixed asset
Correct answer is B
No explanation has been provided for this answer.
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