WAEC Financial Accounting 2021 Question 47

Use the following information to answer questions 46 and 47.
Monthly Rent payable: GH¢3,000
Rent paid on 01/01/2018: GH¢48,000
The balance of rent in the balance sheet would be

1. A.current asset of GH¢36,000
2. B.current asset of GH¢12,000.
3. C.current liability of GH¢12,000
4. D.current liability of GH¢48,000.