The balance of rent in the balance sheet would be?

Use the following information to answer this question

GH¢
Monthly rent payable 3,000
Rent paid on 01/01/2018 48,000

A. current asset of GH¢36,000
B. current asset of GH¢12,000
C. current liability of GH¢12,000
D. current liability of GH¢48,000

Correct Answer:

Option B – current asset of GH¢12,000