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TX Chapter 3, Example 5

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › TX Chapter 3, Example 5

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by JillyB.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • December 1, 2023 at 10:02 am #695794
    Fujilandmark
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    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
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    https://opentuition.com/topic/december-1st-2/

    December 17, 2023 at 10:46 am #696938
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    I know it’s probably too late now but he paid the rent in full therefore the answer is £5000

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  • The topic ‘TX Chapter 3, Example 5’ is closed to new replies.

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