Ask a New Question
Menu

What does the following statement mean?

"Late fee becomes due when rent is not received by the end of the 4th day of the rental period."

Does this mean that, for example, if the monthly rental period is from September 1 to September 30, the late fee is due when payment is not received by September 4th?

The same goes for October, correct? That is, the late fee applies for October's rent if payment is not made by October 4th?

1 answer

Yes, I agree.
Similar Questions
  1. Rent was received for 13 months, R26 000.The account should be adjusted at year-end. Chooce the correct year-end journal entry
    1. answers icon 1 answer
  2. QUESTION 12Rent was received for 13 months, R26 000. The account should be adjusted at year-end. Chooce the correct year-end
    1. answers icon 1 answer
    1. answers icon 1 answer
  4. Select the correct answer.Which of the following is considered a grace period for rent payments? A. Rent is due on the 1st of
    1. answers icon 1 answer
more similar questions