If prepaid rent appears in the trial balance, while preparing the final accounts it will be shown in —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
If prepaid rent appears in the trial balance, while preparing the final accounts it will be shown in —
(A) Assets side of the balance sheet
(B) Liabilities side of the balance sheet
(C) Profit and Loss A/c and asset side of the balance sheet
(D) Profit and Loss A/c and liabilities side of balance sheet.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Assets side of the balance sheet.

Topics: Fundamentals of Accounting and Auditing

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