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Commerce · Q843

Accounting

Graduate and Post Graduate · Commerce · question 843

Q843

Adjustment entry for outstanding rent will be

A.
Outstanding rent A/c Dr - To Rent A/c
B.
Rent A/c Dr - To outstanding A/c
Answer
C.
Profit and Loss A/c Dr - To rent A/c
D.
Outstanding rent A/c Dr - To Profit and Loss A/c

Answer: Option B

Solution

Answer: Option B
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