Accountancy, asked by qureshihashmi123123, 1 year ago

what will be the effect on Accounting Equation???(paid rent Rs 2000 and Rent Outstanding Rs 1000)..Kindly tell fast

Answers

Answered by Dude565

9

Rent paid will subtract from cash on Asset side and will subtract from capital

on liability side

Rent outstanding

on liability side one more head will be opened with the name "outstanding expanses" rent outstanding will add

to outstanding expenses and will subtract from capital.....

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