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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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