Rent owing as at 31st December 1998, N800. Rent paid up to 31st December 1998, N1,700. Rent owing as at 1st January 1998, N500. Rent charged to the profit and loss account for the year 1998 is? By: Sunday|Published on: Jun 5|Categories: Accounting WAEC| 0 comments A. N2,000 B. N1,700 C. N1,400 D. N1,300 Correct Answer: Option A A. N2,000 Users Also Read These:A trader paid insurance premium of N45,000 for 15…Interest on capital is 10%, the net profit for the…A trader paid N15,000 on rent for 15 months but…A club received rent N10,000 and donation N30,000.…A trader paid N15,000 on rent for 15 months but…