QUESTION 4alry of shs. 8,000,000 to is payable at the end of every quarter, butvometimes there is late payment. The details for the payment are as follows:AMOUNTRENT DUERENT PAIDShs. 2,000,00031s march 200531 march 2005Shs. 2.000,00030th June 200S3nd July 2005Shs. 2,000,00030th September 20055th October 2005Shs. 2,000,00031s December 20056th January 2006Required: Prepare Rent Account as at 31 dec, 2005Proudly Tanzanian

As per accrual system of accounting an expense is recognized in the books of accounts when such…

QUESTION 4. The royalty of shs 8,000,000 to is payable at the end of every quarter, but vometimes there is late payment. The details for the payment are as follows: AMOUNT RENT DUE RENT PAID Shs. 2,000,000 31 march 2005 31 march 2005 Shs. 2.000,000 30th June 2005 3nd July 2005 Shs. 2,000,000 30h September 2005 5th October 2005 Shs. 2,000,000 31 December 2005 6th January 2006 Required: Prepare Rent Account as at 31 dec, 2005

QUESTION 4. The royalty of shs 8,000,000 to is payable at the end of every quarter, but vometimes there is late payment. The details for the payment are as follows: AMOUNT RENT DUE RENT PAID Shs. 2,000,000 31 march 2005 31 march 2005 Shs. 2.000,000 30th June 2005 3nd July 2005 Shs. 2,000,000 30h September 2005 5th October 2005 Shs. 2,000,000 31 December 2005 6th January 2006 Required: Prepare Rent Account as at 31 dec, 2005

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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Ee. 272.
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