A

Admin • 802.91K Points
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Q. Rent paid in advance is shown as:

  • (A) Liability
  • (B) Asset
  • (C) Expense
  • (D) Income
  • Correct Answer - Option(B)
  • Views: 1
  • Filed under category Accounting
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Explanation by: Admin
Rent paid in advance is a current asset as the benefit is yet to be received.

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