The financial year of a drama club ends on 31 December The club rents a theatre at an annual rent of $3 600. on 1 January 2018 rent accrued amounted to $300. During 2018 a total of $4 500 rent was paid. How much will be shown for rent in the club’s Receipts and Payments account for the year ended 31 December 2018?

called up share capital

capital the company is allowed to raise

issued capital plus loan capital

paid up share capital

capital the company is allowed to raise

Accounting and Finance Author: rikazzz

A. It is overstated by $450

B. It is understated by $450

C. It is overstated by $900

D. It is understated by $900

A. direct labour + direct material

B. direct labour + factory overheads

C. direct material + direct labour + factory overheads

D. direct material + direct labour + total overheads

A. It is overstated by $4 000

B. It is understated by $4 000

C. It is overstated by $8 000

D. It is understated by $8 000

A. credit sale of goods

B. goods returned to supplier

C. purchase of a non-current asset on credit

D. purchase of inventory for cash

A. depreciation of vehicles that deliver the furniture

B. insurance of the machinery used to make the furniture

C. transport costs of bringing in the raw materials to make the furniture

D. wages of workers maintaining the factory machinery

A. Sales

B. Cash

C. Janitorial receivable

D. Accounts payable

A. $8 000

B. $9 800

C. $10 000

D. $12 000

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