[vesha101]

Hi,

for this question,

The accounts include a payment of $780 for rent made on 1 July 20X7 the payment Is for the 12 months to
30 June 20X8

Can i know why its calculated as overpaid, when its says “1 July 20X7 the payment Is for the 12 months to 30 June 20X8) = July 20×7 till June 20×8 is 12mths is 12mths.

Appreciate if someone can help me with this, as im really confused with the question and answer.

Thank you

[Author]

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