Question
Rent has been paid on 1st January 2018 for a period of 6 months amounting to Rs 60,000 @ 10,000 per month. By what amount shall the prepaid expenses account be debited, while passing the adjustment entry?
Answer: Option B
:
B
It shall be debited by Rs 30,000 for the period of 3 months(April to June).
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:
B
It shall be debited by Rs 30,000 for the period of 3 months(April to June).
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