Rent paid in advance rs 500 in journal??? salary rs 2000 was due but not yet paid in journal???

asked Sep 14, 2022 233k views

13 votes

Rent paid in advance rs 500 in journal???

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

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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.

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