Question

rent paid rs6000 in accountancy​

Answer 1

Answer:

Financial year consists of 12 months i.e. a Year. If rent per month is ₹4000 then the rent for whole year would be ₹4000 × 12 = ₹48000. The rent paid for the whole year is ₹42000(as in the question). So the balance amount (₹48000 - ₹42000) ₹6000 would be outstanding.