Q. On 1st January 2013 X paid `120,000 being rent upto 31.12.2013. If the accounts are closed on31.03.12. `90,000 will be shown as – (Solved)
1. Accrued rent ;
2. Prepaid rent / Expenses ;
3. Accrued expenses ;
4. Accrued income
- b. Prepaid rent / Expenses ;