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CBSE Class 11-commerce Answered

accountancy 19.82 Page no. question28 rent confusion
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Asked by aryasandeep403 | 29 Jan, 2020, 06:14: PM
answered-by-expert Expert Answer
In the given question, Rent is given in the Trial Balance as Rs.10,000. Since, Rent is an expense it is been shown in the Debit column, having a debit balance. 
Such expense will be debited to the Profit and Loss Account while preparing the financial statements.
 
Complete Solutions along with the detailed workings for all similar questions are provided on our website under Text Book Solutions of the mentioned chapter.
Answered by Surabhi Gawade | 30 Jan, 2020, 09:19: AM
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