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10.1 A company receives rent for subletting part of its ofice block. Rent, receivable quarterly in advance, is received as fllows:
What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?
Statement of profit or loss Statement of financial position
A $34,000 Debit Rent in arrears (Dr) $3,000
B $34, 500 Credit Rent received in advance (Cr) $6,000
C $34,000 Credit Rent received in advance (Cr) $3,000
D $34,000 Credit Rent in arrears (Dr) $3,000
答案:C
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