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. The closing balance for 1998 is an item under?

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A. current lability
B. current asset
C. long term liability
D. fixes asset

Correct Answer: Option A

A. current lability

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