Rent prepaid - 1/01/2014 - N600
Rent paid - 31/12/...
Rent prepaid - 1/01/2014 - N600
Rent paid - 31/12/2014 - N3,000
Rent prepaid - 31/12/2014 - N400.
Rent for 2014 chargeable to the profit and loss account is
N4,000
N3,000
N3,200
N2,800
Correct answer is B
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