Financial Reporting and Analysis Jan23 Y1 S2 The rent income account in the ledger of RT Stores reflected a total of R133 000 on 28 February 2023, the end of the financial year. Rent was received until 31 March 2023 and the rental was increased by 10% with effect from 01 January 2023. How much was reflected for rent income in the statement of comprehensive income for the year ended 28 February 2023 (answer expressed to the nearest Rand)? O A. R121 917 B. R122 000 C. R121 008 D. R122 769

Financial Reporting and Analysis Jan23 Y1 S2 The rent income account in the ledger of RT Stores reflected a total of R133 000 on 28 February 2023, the end of the financial year. Rent was received until 31 March 2023 and the rental was increased by 10% with effect from 01 January 2023. How much was reflected for rent income in the statement of comprehensive income for the year ended 28 February 2023 (answer expressed to the nearest Rand)? O A. R121 917 B. R122 000 C. R121 008 D. R122 769

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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