Peter’s financial year finishes on 30 September. On 1 August 2020, Peter was paid rent of $1000$. This payment related to the period from 1 July to 30 November 2020. What entry will be shown in Peter’s statement of financial position on 30 September 2020?
- Acurrent asset $400$
- Bcurrent asset $500$
- Ccurrent liability $400$
- Dcurrent liability $500$