JAMB Accounting 2019 Objective — Question 26
Question 26 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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A rent received by a trader for sub-letting part of his business premises should be added to the
- A. total revenue
- B. net profit
- C. total profit
- D. gross profitCorrect
Explanation
Rent received is usually added to gross profit in the profit and loss account.
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