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A business leases a building for one year commencing on 1 October 2013.

The rent is $24,0 per year and the business paid cash one year in advance on1 October2013. On December312013 how much of that payment should be recorded as a rental expense and how much should be deferred. A. Expense = $24,0, Deferred = $0 B. Expense = $12,0, Deferred = $12,0 C. Expense = $6,0, Deferred = $18,0 D. Expense = $18,0, Deferred = $6,0

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Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/03/12
KAMALUDEEN SHAMSUDEEN
par KAMALUDEEN SHAMSUDEEN , Accountant , Tamimi Markets Company

As per the above 4 options opetion "A" will be best answer. Considering financial period as 01 october XXX to 30 September XXXX. 

Rahul Kumar
par Rahul Kumar , PROCESS ASOCIATE , TATA CONSULTANCY SERVICES LTD.

C