Rent is 4000 and is payable 400 Rs per month. Whwt is its adjustment entry
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Rent account dr. 4800
To cash account. 4000
To rent outstanding account. 800
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Per month rent is 400 it means total rent is in 1 year 400×12=4800 and rent is given 4000 in question means 4000 is paid and 800 is remaining then it will be transfered in outstanding account
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