Paper 1 · November 2022 · Accruals and prepayments
KC (Pvt) Ltd's accounting year ends on 30 September.
Annual rentals are paid in advance on 1 July as follows:
| Year | $ |
|---|---|
| 1 | 3 000 |
| 2 | 3 600 |
How much is charged in the Income Statement in year 2?
A$3 000
B$3 150
C$3 600
D$3 900
ZIMSEC Accounting 6001/1 Paper 1 (Multiple Choice), November 2022, Q3