CA Foundation doubt
How to solve rent adjustment?
Asked by Kritika15 Apr 2024540 views
1 answer
FCa · 15 Apr 2024
it depends on condition. If RENT PAID is given in adjustment u have to write it on dr. Side of P/L A/c and if rent payable is given means its a current liability so it will come on dr. Side of p and l and appear liabilities side of balance sheet as rent payable
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