Use the following information to answer the given question
Rent receivable accrued 1/01/2005D3,000 Rent received during the year 2005D5,000 Rent receivable accrued 31/12/20052,600
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
Answer is B
