A company has occupied rented premises for some years, paying an annual rent of $120,000. From 1 April 2006
the rent was increased to $144,000 per year. Rent is paid quarterly in advance on 1 January, 1 April, 1 July and
1 October each year.
What figures should appear for rent in the company’s financial statements for the year ended 30 November
2006?
Income statement Balance sheet
$ $
A 136,000  repayment 12,000
B 136,000 repayment 24,000
C 138,000 Nil
D 136,000 Accrual 12,000 A (4 x 10,000) + (8 x 12,000) = 136,000; 1/12 x 144,000 = 12,000 | 
发表于 2008-4-28 16:21
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