rent paid on 1st october 2013 for the upto 30september 2014 was Rs. 1200and rent paid on 1st october 2014 for the year upto 30 September 2015 was Rs.1600. state the amount of rent payable to be shown in prodit and loss account for year ended 31st December 2014
Answers
Answer:
We want the rent for the year 2016 only so: 1) 1200×9÷12 (because 1200 mein se sirf 2016 ke months ka chahiye which is till september means january to september i.e. 9 months) 2) 1600×3÷12 (because 1600 mein se sirf 2016 ke months ka chahiye means october to december i.e. 3months) so u will get 900 + 400 = 1300
Upvote | 5
Muskan Jain
Aug 09, 2020
01-10-15 to 30-09-16
Rent = 1,200
01-01-16 to 30-09-16
Rent = 1,200 × 9/12 = 900
01-10-16 to 30-09-17
Rent = 1,600
01-10-16 to 31-12-16
Rent = 1,600 × 3/12 = 400
Rent for the year 2016
= Rent from 01-01-16 to 30-09-16 + Rent from 01-10-16 to 31-12-16
= 900 + 400
= 1,300/-
Upvote | 1
This discussion on Rent paid on 1st October, 2015 for the year to 30th September, 2016 was Rs. 1,200 and rent paid on 1st October, 2016 for the year to 30th September, 2017 was Rs. 1,600. Rent paid, as shown in the profit and loss account for the year ended 31st December 2016, would be:a)Rs. 1,200b)Rs. 1,600c)Rs. 1,300d)Rs. 1,500Correct answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Rent paid on 1st October, 2015 for the year to 30th September, 2016 was Rs. 1,200 and rent paid on 1st October, 2016 for the year to 30th September, 2017 was Rs. 1,600. Rent paid, as shown in the profit and loss account for the year ended 31st December 2016, would be:a)Rs. 1,200b)Rs. 1,600c)Rs. 1,300d)Rs. 1,500Correct answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Rent paid on 1st October, 2015 for the year to 30th September, 2016 was Rs. 1,200 and rent paid on 1st October, 2016 for the year to 30th September, 2017 was Rs. 1,600. Rent paid, as shown in the profit and loss account for the year ended 31st December 2016, would be:a)Rs. 1,200b)Rs. 1,600c)Rs. 1,300d)Rs. 1,500Correct answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
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