Use the following information to answer the given questio...
Use the following information to answer the given question
RECEIPTS AND PAYMENTS ACCOUNT:
DrCrDDBalance b/f1,000Salaries2,000Subscriptions15,000Rent1,000Rates1,500Expenses500Balance c/f11,000¯16,000¯16,000Balance b/f¯11,000
1st January,200431st December, 2004DDFixed Assets50,00050,000Rent(accrued)200250Rates(prepaid)300400Subscriptions in arrears1,5001,000Subscriptions in advance1,300800
Rates charged to the income and expenditure Account for the year 2004 is
D2,200
D1,600
D1,500
D1,400
Correct answer is B
No explanation has been provided for this answer.
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