Solve please........

Rent paid for the period from 1-10-2010 to 30-09-2011

was Rs. 12,000

rent paid for the period from 1-10-2011 to 30-09-2012

was Rs. 18,000

Rent to be debited to the P/L A/C for the year ended 31-03-2012 = ?

a) Rs. 15,000                     b) 13,000

c) Rs. 12,000                    d) 20,000

 

Ans is Rs 15,000

how to solve it.......

pls explain.........??

Replies (8)

6000 from 1/04/2011 to 30/09/2011

and

9000 from 1/10/2011 to 31/03/2012

so easy dude

Dear Harish , Kindly find the soltution

 

Rent from April 2011 - September  2011   ( 1000*6 = 6000

Rent From Oct 2011-march 2012              (1500*6  = 9000

 

Total Rent for the year ended 31 march 2012 = 15000     

Rent paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 ie. 1,000 per month

rent paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 ie. 1,500 per month

 

Financial year 2011- 2012 is from April 2011 to March 2012

Therefore

Take rent from those months only

Apr-11      1,000.00
May-11      1,000.00
Jun-11      1,000.00
Jul-11      1,000.00
Aug-11      1,000.00
Sep-11      1,000.00
Oct-11      1,500.00
Nov-11      1,500.00
Dec-11      1,500.00
Jan-12      1,500.00
Feb-12      1,500.00
Mar-12      1,500.00
     15,000.00

 

We basically have to find the rent for the period- 1-4-2011 to 31-3-2012
As per first line)) We paid rent of 12000 for 1-10-2010 to 30-09-2011...
Compare this period with the period at the top (highlighted with red). It includes 6 months of that period, i.e 1-4-2010 to 30-09-2011.Therefore, to get the rent of that six months, multiply 12000 by 6/12 whioch equals 6000. Hence 6000 rent paid for 1-4-2011 to 30-09-2011.
 

As per second line)) We paid rent of 18000 for 1-10-2011 to 30-09-2012..
Again, compare this period with (1-4-2011 to 31-3-2012). It icludes 6 moths, i.e. 1-10-2011 to 31-3-2012. Multiply this with 6/12 too which equals 9000. 9000 rent paid for 1-10-2011 to 31-3-2012.

9000+6000=15000.

Hope you understand. :)


 

9000+6000=15000

Originally posted by : Jiju Oommen


Rent paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 ie. 1,000 per month

rent paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 ie. 1,500 per month

 

Financial year 2011- 2012 is from April 2011 to March 2012

Therefore

Take rent from those months only








Apr-11

     1,000.00



May-11

     1,000.00



Jun-11

     1,000.00



Jul-11

     1,000.00



Aug-11

     1,000.00



Sep-11

     1,000.00



Oct-11

     1,500.00



Nov-11

     1,500.00



Dec-11

     1,500.00



Jan-12

     1,500.00



Feb-12

     1,500.00



Mar-12

     1,500.00



 

   15,000.00





 

Thank you sir....u are awesome......very easy method u adopt any body can understand it.......

again thanks for clear my doubts............!!

Originally posted by : Isham Mahajan

We basically have to find the rent for the period- 1-4-2011 to 31-3-2012
As per first line)) We paid rent of 12000 for 1-10-2010 to 30-09-2011...
Compare this period with the period at the top (highlighted with red). It includes 6 months of that period, i.e 1-4-2010 to 30-09-2011.Therefore, to get the rent of that six months, multiply 12000 by 6/12 whioch equals 6000. Hence 6000 rent paid for 1-4-2011 to 30-09-2011.
 

As per second line)) We paid rent of 18000 for 1-10-2011 to 30-09-2012..
Again, compare this period with (1-4-2011 to 31-3-2012). It icludes 6 moths, i.e. 1-10-2011 to 31-3-2012. Multiply this with 6/12 too which equals 9000. 9000 rent paid for 1-10-2011 to 31-3-2012.

9000+6000=15000.

Hope you understand. :)


 

Nice bro.....very easy method.....

thank you....!!

The above solution is correct and enough to understand

 

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