rent paid rs 30000 outstanding rent rs 6000. calculate the rent to be debited to income and expenditure account
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Answered by
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Answer:
Rent paid during the yr. + Rent outstanding but not yet paid - Rent paid in advance at the end of yr. = Amount debited to income and expenditure account
Rs. 6,000 + Rs. 1,000 - Rs. 500 = Amount debited to income and expenditure account
Amount debited to income and expenditure account = Rs. 6,500.
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