# Incomplete records/FRA practice exams

Myrk
Just JoinedPosts:

**4**Registered
Hi everyone,

I'm new to these forums so hopefully this is in the right place!

Can I draw your attention to the practice FRA exam December 2007 which I have in front of me

I am totally confused by task 1.2 - why is the figure for 'bank' on the debit side and rent for the year on the credit side? I thought rent is an expense account so therefore the balance should be on the debit side and likewise payments on the credit side ?

Any help greatly appreciated

I'm new to these forums so hopefully this is in the right place!

Can I draw your attention to the practice FRA exam December 2007 which I have in front of me

I am totally confused by task 1.2 - why is the figure for 'bank' on the debit side and rent for the year on the credit side? I thought rent is an expense account so therefore the balance should be on the debit side and likewise payments on the credit side ?

Any help greatly appreciated

## Comments

1,624Registered4Registered373RegisteredThere is a DR in the rent account for £6,250 and a corresponding credit in the bank as this is the amount of rent that has been paid through the bank - this figure does not reflect the actual amount of rent paid for the accounting period.

There is a prepayment carried forward from the previous year for £750 - this was paid through the bank account in the previous year, but relates to this period - likewise, the £6,250 payment includes rent for the quarter ending December for £1,500 - as the accounts end October, we need to remove 2 months rent from the account (1,500 x 2/3 = 1,000).

Therefore the rent charge for the period is 750 + 6,250 - 1000 = 6,000.

This would normally show as the balance figure, but this particular question is asking you to highlight the rent payable figure for the year.