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Paid rent in advance how it …

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Paid rent in advance how it is show in accounting equation

Posted by Nihal Khan 6 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Taher Sadikot 6 years, 8 months ago

It is an expense but the benefit of the same will in next period so it is shown as an assets.

So add to asset "Miscelleneous Expenditure" part.

ANSWER

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