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| Raj produces his accounts to 30 June each year. His business premises are rented and he has to pay rent quarterly in arrears on 1 February, 1 May, 1 August and 1 November each year.The quarterly rent payments are $2,250. Raj pays an annual insurance charge on the premises of $1,800 at the start of each calendar year. What amounts will be shown in Raj’s statement of financial position for the year ended 30 June 20X1? A Cu rrent assets $ 1,500 Current liabilities $900 B Current assets $900 Current liabilities $1,500 C Current assets $2,400 Current liabilities nil D Current assets nil Current liabilities $2,400 |