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.
The balance sheet as at 31st December 2014 will show
A Current asset of N600
B Current asset of N400
C Current liability of N400
D Current asset of N600
Answer is B
