Paper 1 · 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