Question
Having agreed on a monthly rent of Rs 18,000 for business premises rented to Mr Ravi, three months rent was in arrears as at 31st March 2018. What will appear as rent accrued in the financial statements as at 31st March 2018?
Answer: Option C
:
C
Rent Accrued shall be Rs 18000 * 3 = Rs 54,000.
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:
C
Rent Accrued shall be Rs 18000 * 3 = Rs 54,000.
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