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 | Jun 5 | 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:Interest on drawings is 5%, interest on capital is…Debtors value as at 1st January 2000 was N40,000.…Musa merchants Trading and profit and Loss Account…A trader paid N15,000 on rent for 15 months but…An asset was bought on 1st January, 1995 for…