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22 November 2010 1.What should be the entry of RENT PAYBLE.
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Sanaulla Sharief

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Sanaulla Sharief (Expert)
22 November 2010 Rent Paid DR (indirect Exp)
Rent Payable CR (Current liabilities & Provisions)
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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
22 November 2010 Debit Rent for Rs.XX (Grouped under exp)
Credit Rent payable Rs.XX (Grouped under current liabilites)




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