asked 233k views
13 votes
Rent paid in advance rs 500 in journal???

salary rs 2000 was due but not yet paid in journal???​

1 Answer

10 votes

Answer:

payment in advance is prepayments-Asset

Not yet paid is Accruals.. -Liability..

i didn't get your question though??kindly reframe it.

answered
User Nils Reichardt
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