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)? A. R121 008 B. R122 769 C. R121917 D. R122 000
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)? A. R121 008 B. R122 769 C. R121917 D. R122 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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)? A. R121 008 B. R122 769 C. R121917 D. R122 000
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