Sasa Enterprise pays RM1,400 per month for rental of its business premises. On 31 December 2018, the business had paid RM19,600 to its landlord. Assuming that's is accounting period ends on 31 December annually, the advance rental of RM2,800 paid for January and February 2019 are considered Prepaid expenses Prepaid revenues Accrued expenses Accrued revenues
Sasa Enterprise pays RM1,400 per month for rental of its business premises. On 31 December 2018, the business had paid RM19,600 to its landlord. Assuming that's is accounting period ends on 31 December annually, the advance rental of RM2,800 paid for January and February 2019 are considered Prepaid expenses Prepaid revenues Accrued expenses Accrued revenues
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sasa Enterprise pays RM1,400 per
month for rental of its business
premises. On 31 December 2018, the
business had paid RM19,600 to its
landlord. Assuming that's is
accounting period ends on 31
December annually, the advance
rental of RM2,800 paid for January
and February 2019 are considered
Prepaid expenses
Prepaid revenues
Accrued expenses
Accrued revenues
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