An Institution received Rs. 140,030 as rent during the year 2016-2017 which includes Rs. 36,000 received...
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An Institution received Rs. 140,030 as rent during the year 2016-2017 which includes Rs. 36,000 received in advance for the year 2017-2018. Outstanding rent at the end of the years 2015-2016 and 2016-2017 were Rs. 24,000 and Rs. 28,000 respectively. Amount of rent to be shown in Income and Expenditure Account for the year 2016-2017 will be A B C D Rs. 1,80,000 Rs. 1,44,000 Rs. 1,08, 030 Rs. 1,48,600 An Institution received Rs. 140,030 as rent during the year 2016-2017 which includes Rs. 36,000 received in advance for the year 2017-2018. Outstanding rent at the end of the years 2015-2016 and 2016-2017 were Rs. 24,000 and Rs. 28,000 respectively. Amount of rent to be shown in Income and Expenditure Account for the year 2016-2017 will be A B C D Rs. 1,80,000 Rs. 1,44,000 Rs. 1,08, 030 Rs. 1,48,600
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Correct option is C Option C is correct Rent received durin... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date:
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