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Standard XII
Accountancy
Journalising Transactions
What is the t...
Question
What is the treatment of rent account in case of payment of rent is made?
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Payment of rent is debited to cash A/c.
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What is the treatment of rent and insurance paid in cash flow statement?
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If we have given Rent Rs. 1,12,000 in Receipts and Payment Account and additional information is given as:- Rent is paid for 3 years in advance.
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Discuss the accounting treatment of the following transaction:
Mr. Pankaj receives Rs. 1,500 per month as rent. In the year ending 31st March 2017, he received Rs. 22,000 as rent.
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When rent is paid to the landlord,
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