Use the following information to answer this questions.
Rent prepaid – 1/01/2014 – N600
Rent paid – 31/12/2014 – N3,000
Rent prepaid – 31/12/2014 – N400.
Rent for 2014 chargeable to the profit and loss account is
A N4,000
B N3,000
C N3,200
D N2,800
Answer is B
