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TX Chapter 3, Example 5

This topic has 2 replies, 2 voices, and was last updated 11 months ago by JillyB.

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December 1, 2023 at 10:02 am #695794
Fujilandmark
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Bill grants Richard a lease to a shop on 30 June 2022
Annual rent £5,000 due on 1 July 2022
Isn’t the rent received 5,000 x 9/12 = 3,750?
The answer says £5,000.
December 1, 2023 at 2:36 pm #695805
John Moffat
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https://opentuition.com/topic/december-1st-2/
December 17, 2023 at 10:46 am #696938
JillyB
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I know it’s probably too late now but he paid the rent in full therefore the answer is £5000
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