Use the following information to answer the..

Question 1 Report

Use the following information to answer the given question
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received during the year 2005} & D5,000\\ \text{Rent receivable accrued 31/12/2005} & 2,600\end{array}\)
The entry for rent received in the profit and loss account for the year ended 31st December 2005 is

credit profit and loss account with D4,500

credit profit and loss account with D2,500

debit profit and loss account with D2,500

debit profit and loss account with D,500

Nature And Significance Of Accounting

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Use the following information to answer the given question \(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received duri...