Accountancy, asked by daniyakhan181, 7 months ago

Suppose rent (payable) is outstanding for Rs. 10,000 for December 2019. Which type of expenses it is? What entry will be passed for it?

Answers

Answered by viditu356

10

Answer:

it is not an expense it is liability for firm

rent AC........... dr. 10,000

to outstanding rent/rent payable AC 10,000

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