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The Club paid three months rent …

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The Club paid three months rent in advance both in the beginning and at the end of the year. Where rent paid is 60,000.

    • Posted by Dd D 5 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Lovely Dhawan 5 years, 10 months ago

    60,000 same will be shown in income n exp. Accounts n only the prepaid beg n end will be shown in b/s

    1Thank You

    Nancy Shyamnani 5 years, 10 months ago

    No effect will be there only in balance sheet asset side the amount will be shown

    1Thank You

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