Accountancy, asked by pranshusharma9868, 2 months ago

Rent is paid for the month of April’2019 in March 2019. Where will the accountant show it

while preparing financial statements for the accounting year ending on 31st March’2019

Answers

Answered by gocommerce

1

Answer:

balances sheet asset side as prepaid rent because the rent belongs to next financial year 2019-2020.

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