A

Admin • 831.35K Points
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Q. Rent paid in advance is shown under:

  • (A) Current Liability
  • (B) Current Asset
  • (C) Fixed Asset
  • (D) Intangible Asset
  • Correct Answer - Option(B)
  • Views: 11
  • Filed under category Accounting
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Explanation by: Admin
Rent paid in advance is a current asset as it represents a prepaid benefit.

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