A

Admin • 802.91K Points
Coach

Q. Outstanding rent is shown in the balance sheet under:

  • (A) Current Assets
  • (B) Non-Current Liabilities
  • (C) Current Liabilities
  • (D) Contingent Liabilities
  • Correct Answer - Option(C)
  • Views: 5
  • Filed under category Accounting
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Explanation by: Admin
Outstanding rent is an obligation due soon, hence a current liability.

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