It is TRUE that the Rent of $2,000 is due for payment or receipt on the first (working) day of each month.
- However, the rental agreement usually specifies the payment or receipt period.
- Some rental agreements make provisions for variations in payment or receipt date to accommodate unforeseen circumstances.
- Some rental payments may also be due within the month, say on the 15th of each month. This depends on when the rental space was occupied and how the rental agreement is structured between the facility owner and the tenant.
Thus, by convention, rent is always due on the 1st day of the month unless the rental agreement specifies otherwise.
Read more about treatment of rent payments and receipts at https://brainly.com/question/18187076
