21. A company has sublet part of its offices and in the year ended 30 November 2020 the rent receivable was RMR,400 per year until 30 June 2020 and RMI2,000 per year from I July 2020. Rent was paid quarterly in advance on I January, April, July and October each year. What amounts should appear on the company's financial statements for the year ended 30 November 2020? a) Rent income RM9,900 ; RM2,000 in sundry payubles b) Rent income RM9,900: RMI.000 in sundry payables c) Rent income RMI0,200 ; RMI.,000 in sundry payables d) Rent income RM9,900 : RM2.000 in sundry receivables

21. A company has sublet part of its offices and in the year ended 30 November 2020 the rent receivable was RMR,400 per year until 30 June 2020 and RMI2,000 per year from I July 2020. Rent was paid quarterly in advance on I January, April, July and October each year. What amounts should appear on the company's financial statements for the year ended 30 November 2020? a) Rent income RM9,900 ; RM2,000 in sundry payubles b) Rent income RM9,900: RMI.000 in sundry payables c) Rent income RMI0,200 ; RMI.,000 in sundry payables d) Rent income RM9,900 : RM2.000 in sundry receivables

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

21. A company has sublet part of its offices and in the year
ended 30 November 2020 the rent receivable was RMR,400
per year until 30 June 2020 and RMI2,000 per year from I
July 2020. Rent was paid quarterly in advance on I January,
April, July and October cach year. What amounts should
appear on the company's financial statements for the year
ended 30 November 2020?
a) Rent income RM9,900 ; RM2,000 in sundry payables
b) Rent income RM9,900 : RMI,000 in sundry payables
c) Rent income RMI0,200 ; RMI,000 in sundry payables
d) Rent income RM9,900 ; RM2,000 in sundry receivables

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