On the 30/5/93 Tolu & Co. paid 2 years rent of N50,00...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.
At 31/12/93, what portion of that amount was prepaid?
N14,583
N25,000
N35,417
N37,415
Correct answer is A
No explanation has been provided for this answer.
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Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...