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.

User Nils Reichardt
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.