A business received rent from a tenant amounting to £38,000 during the year. The tenant had prepaid £4,000 by the beginning of the year and the rent receivable for the year is £36,000.What is the amount outstanding at the year end?O A. £2,000 prepaidOB. £6,000 prepaidO c. £6,000 owingO D. £2,000 owing

The rent is recieved when the property has been given on the rent but some rent is received at…

usiness received rent from a tenant amounting to £38,000 during the year. The tenant had prepaid £4,000 by the beginning of the year hat is the amount outstanding at the year end? A. £2,000 prepaid B. £6,000 prepaid C. £6,000 owing D. £2,000 owing

usiness received rent from a tenant amounting to £38,000 during the year. The tenant had prepaid £4,000 by the beginning of the year hat is the amount outstanding at the year end? A. £2,000 prepaid B. £6,000 prepaid C. £6,000 owing D. £2,000 owing

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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Question

A business received rent from a tenant amounting to £38,000 during the year. The tenant had prepaid £4,000 by the beginning of the year and the rent receivable for the year is £36,000.
What is the amount outstanding at the year end?
O A. £2,000 prepaid
OB. £6,000 prepaid
O c. £6,000 owing
O D. £2,000 owing

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