Accounting Online Program Certification Practice Test

At 30 June 20X7, what amount is due from Rachel concerning her rental properties?

1. £6,300

2. £4,800

3. £5,600

4. £7,200

The correct answer is: £6,300

To determine the amount due from Rachel concerning her rental properties at 30 June 20X7, it's essential to consider the context of rental income and any related expenses or agreements regarding payment terms. The correct answer indicates a specific value, suggesting that it likely results from a calculation involving rental income, outstanding payments, or other financial metrics relevant to her rental properties. This amount could have been determined based on the total rent due less any payments made or adjustments for vacancies, repairs, or other deductions. For instance, if Rachel has multiple properties with various rental agreements, the amount due might represent a cumulative total from these sources, reflecting active leases or agreements that have not been fully settled. Understanding that the calculation involved accurately capturing all elements of Rachel's rental income scenario—such as unpaid rent from tenants at the reporting date—illustrates why £6,300 is the figure that has been identified as due. It's a critical figure that helps in assessing Rachel's cash flow and financial position concerning her real estate holdings, serving as a basis for future planning and assessment of her rental business performance.