Abdul works as a trader. He lets out part of his warehouse to other businesses. As Abdul gets ready to prepare his financial statements for the year ended 31 December, the rental income account shows: • the rent received over the year came to $2750$ • the rental income transferred to the income statement was $3000$ What is shown by the closing balance in the rental income account?
- Aaccrued income
- Ban accrued expense
- Can expense paid in advance
- Dincome received in advance