Question

adjustment for the month rent 180

Answer 1

Answer:

SO, What i can do for you.

Answer 2

Answer:

Rent given in the adjustment is an current liability. As per accounting standards for every known expenses or losses, provision must be created.

Provisions are classified as Current Liability.

Explanation:

Accounting entry given in adjustment:

Rent A/c (P & L A/c)---- Dr                  180

 To Outstanding Rent A/c                             180

(Being rent paid and provision created)