Accountancy, asked by Sujaydeolalikar, 3 months ago

What is the effect of locker rent received in advance for 10 months, friends?

Answers

Answered by nikko43

0

Answer:

The prepaid lock rent amount should be subtracted from the original locker rent amount and the amount of prepaid locker rent should be transferred to liabilities side of balance sheet

Answered by amangarnayak04

1

Answer:rent paid, total electricity charges paid during the year appear on the payment ... July 10 Wages and salaries ... information provided relating to the amounts received in advance and ... Locker Rent Rs. 3,050 outstanding for the year 2015-16 and Rs. 1,500 for ... Balance Sheet of Friendship Club as on March 31, 2016.

Explanation:

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