Accountancy, asked by sultan2810, 12 days ago

how to record advance rent received in accounting equation ?

Answers

Answered by anjanapinki

Answer:

not know please ask from some another

Answered by shaiksubhanuddin123

Answer:

Cash went out of the business to make the prepayment. The Accounting Equation, Assets = Liabilities + Owners Equity means that the total assets of the business are always equal to the total liabilities plus the equity of the business This is true at any time and applies to each transaction.

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