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Guest (Querist)

23 November 2012 Rent paid on 1st Oct 2008 for the year to 30th sept 2009 was Rs.1200 & Rent paid on 1st oct 2009 for the year to 30th sept 2010 was Rs. 1600

Rent payable as shown in P&l for the year ended 31 Dec 2009 would be ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 November 2012 Rent expense to be shown in P&L in 2009 will be Rs. 1,300 (Rs. 900 paid in 2008 and Rs. 400 for the year 2009).

Advance rent to be shown in the Balance Sheet on 31.12.2009 shall be Rs. 1,200.

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