Use the following information to answer the giv... - WAEC Accounting 2007 Question
Use the following information to answer the given question
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\ \text{Rent received during the year 2005} & D5,000\ \text{Rent receivable accrued 31/12/2005} & 2,600\end{array}\)
The rent receivable accrued as at 31st December 2005 is shown in the balance sheet as
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\ \text{Rent received during the year 2005} & D5,000\ \text{Rent receivable accrued 31/12/2005} & 2,600\end{array}\)
The rent receivable accrued as at 31st December 2005 is shown in the balance sheet as
A
current asset
B
current liability
C
long-term liability
D
fixed asset
correct option: b
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