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2 marksFinancial Statements and Users of Accounting Information

CAPE Management of Business Unit 1 · 2006 · Paper 1 · Question 13(a)

A company with a financial year ending September 30 is contracted to pay rent of 840 per month, and paid 9 660 for the year ending September 30, 2005. State whether the rent is accrued or prepaid and calculate the amount.

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  1. 13(b)State whether the manager's conclusion is correct and provide a reason based on the IRR values.[3 marks]

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