Question

adjustment:2400 paid as rent for office was debited to landlord's a/c and was entered in debtors

how it will appear in p&l a/c and balancesheet​

Answer 1

Answer:

P&l debite side and in balance sheet it shows in assets side

Answer 2

Answer:

Rs. 2400 will add as Rent for office in P/L debit side and same amount (2400) will deducted from sundry debtors in asset side of balance sheet.