WAEC Accounting 2025 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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In a company's balance sheet, rent prepaid is classified as a
- A. current liability
- B. long-term liability
- C. current assetCorrect
- D. fixed asset
Explanation
Rent prepaid is an expense prepaid; it is posted to current assets.
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