Rent 24,000 received in advance.
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The advance 24,000 is received me at bank.
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Answer:
Explanation:
Rent per month = 24000 / 15
= 1600 Rs
Rent for 12 months = 1600 * 12 = Rs 1920
Then, Prepaid expenses is 1600 * 3 = Rs 4800.
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