Final account problem

Accountancy

Rent for godown=55000 But ans shows 11000 outstanding for two months. I can't understand this 3rd adjustment.

Nakul Dixit

CA Final

★ 4K+

28-Aug-22 19:42

5K+

Answers (5)

Best Answer

I hope this helps

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theee k

CA Final

★ 435

28-Aug-22 19:47

One month rent is 55000...adjustment says there is two months rent is outstanding so 55000 Ã? 2 = 110000 should be in outstanding account

Manoj Raj

CA Final

★ 12K+

28-Aug-22 19:44

theee k

I hope this helps

Thank you Totally understand

Thread Starter

Nakul Dixit

CA Final

★ 4K+

28-Aug-22 20:05

55000-------> 10 months ---------> 12months? It is 66000 so per month it is 5500 for which 2 months is o/s. In profit and loss account add 11000 for rent paid.(Accrued for the year) 11000 b/s item liability

Sugam SM

CA Final

★ 9K+

28-Aug-22 20:06

55000 is for 10 months.Then for two months,)55000/10 )*2

Shankari C

CA Inter

★ 12K+

29-Aug-22 00:26