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Discussion > Accounts > Others >

Single entry ca ipcc doubt

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student

[ Scorecard : 314] 		Posted On 29 August 2012 at 19:27 Report Abuse

hello friends .

i came across a question in which the balance sheet shows rent outstanding on the liabilities side and rent advance on the assets side . how can there be rent o/s(liability) and rent advance (asset) in the same balance sheet??.

 

                                    please clarify . thank you

 

CMA Bhaskar Unnikrishnan MBA
Accounts / Administration

[ Scorecard : 326] 		Posted On 30 August 2012 at 14:55

you may have multimple rent properties, and prepaid for one and outstanding on 2nd one...

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