Class 11 Accountancy - Chapter Financial Statements - 2 NCERT Solutions | If the rent of one month is still to be

Welcome to the NCERT Solutions for Class 11th Accountancy - Chapter Financial Statements - 2. This page offers a step-by-step solution to the specific question from Excercise ".$ex_no." , Question 2: if the rent of one month is still to be paid the a....
Question 2

If the rent of one month is still to be paid the adjustment entry will be :

(a) Debit outstanding rent account and Credit rent account.
(b) Debit profit and loss account and Credit rent account.
(c) Debit rent account and Credit profit and loss account.
(d) Debit rent account and Credit outstanding rent account.

Answer

(d) Debit rent account and Credit outstanding rent account.

More Questions From Class 11 Accountancy - Chapter Financial Statements - 2

Recently Viewed Questions of Class 11 Accountancy

Write a Comment: