On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.

At 31/12/93, what portion of that amount was prepaid?

  • A N14,583
  • B N25,000
  • C N35,417
  • D N37,415

The correct answer is A. N14,583

No explanation given
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