..........................30/9/06.......30/9/07.....
............................N.............N.........
Accrued insurance premium...600...........710.......
Prepaid rent income.........490............630......
The cash book includes N1,850 and N,2,100 in respect of insurance premium and rent income respectively.
What amount is to be credited to the profit and loss account in respect of rent income?
N1,710
N1,760
N2,000
N2,240
Correct answer is D
No explanation has been provided for this answer.