Register

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet
asked 16.1k views
4 votes
At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

asked
User Rich Bradshaw
by
8.5k points

2 Answers

3 votes
At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year
answered
User Shakeel Ahmed
by
7.8k points
1 vote
The correct answer to your questions is "Assets will be decreased."
answered
User Adinia
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!