Poonawalla fincorps
Poonawalla fincorps

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This query is : Resolved 
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(Querist)
03 April 2018 I M CONFUSED BETWEEN RENT PAYBLE AND RENT PAID IN ADVANCE.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 April 2018 first is a current liability and second is an asset. Where is the confusion?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 April 2018 Rent Payable is Provision of Expenses Accrued Its a Liability , where rent paid in Advance if Future Expenses paid in advance Till it convert ed to Expenses will be treated as Current Asset.
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