From the following information, calculate the amount to be taken to Profit and Loss Account:
(i) Rent paid as per cash book is Rs. 70,000
(ii) Rent outstatnding at the end is Rs. 20,000

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Solution

Total Rent to be shown in the profit and loss account
= Rent paid + Outstanding Rent
= Rs. 70,000 + Rs. 20,000
= Rs. 90,000

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From the following information, calculate the amount to be taken to Profit and Loss Account: (i) Rent paid as per cash book is Rs. 70,000 (ii) Rent outstatnding at the end is Rs. 20,000

Total Rent to be shown in the profit and loss account = Rent paid + Outstanding Rent = Rs. 70,000 + Rs. 20,000 = Rs. 90,000

From the following information, calculate the amount to be taken to Profit and Loss Account:
(i) Rent paid as per cash book is Rs. 70,000
(ii) Rent outstatnding at the end is Rs. 20,000

Total Rent to be shown in the profit and loss account
= Rent paid + Outstanding Rent
= Rs. 70,000 + Rs. 20,000
= Rs. 90,000