Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2012
Rent paid on 1 October,2004 for the year to 30 September,2005 was Rs.1200 and rent paid on 1st October,2005 for the year to 30 September,2006 was Rs.1600. Rent payable,as shown in the profit and loss account for the year ended 31 December 2005, would be:
17 August 2012
Rs. 1600/-.
18 August 2012
Whats your exact question?
p & L - Rent(Expense) will be Rent amt * No of months for the reporting period.
B & L - Rent payable(outstanding) as on date under current liabilities.
p & L - Rent(Expense) will be Rent amt * No of months for the reporting period.
B & L - Rent payable(outstanding) as on date under current liabilities.
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