A

Admin • 802.91K Points
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Q. Rent received in advance is:

  • (A) An asset
  • (B) An income
  • (C) A liability
  • (D) A reserve
  • Correct Answer - Option(C)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
It is a liability as it is unearned income.

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