Rent given 30000 in dr side of trial balance and 13000 given in credit side by rent received .
And in adjustment ; rent has been paid for 10 months
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Rent given in dr side means rent paid is the expense of business
It is given in adjustment that rent has been paid for 10 months
rent paid 30000 for 10 monthsso onemonth rent is 30000/10=3000
In profit &loss account expenses are shown for 12months so 2month rent is outstanding
Profit and loss account
dr. cr
rent paid. 30000
(+) outstanding
rent. 6000
rent received 13000
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