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\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2...

Use the following information to answer the given question

Rent receivable accrued 1/01/2005D3,000Rent received during the year 2005D5,000Rent receivable accrued 31/12/20052,600

The rent receivable accrued as at 31st December 2005 is shown in the balance sheet as

A.

Current asset

B.

Current liability

C.

Long-term liability

D.

Fixed asset

Correct answer is B

No explanation has been provided for this answer.