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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 8 years, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Taher Sadikot 8 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.

    1Thank You

    ANSWER
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