Cpprasad (CA Student) (125 Points)
18 July 2013
Proprietor used a rented building both for
business purpose and as well as residence
equally. The rent paid during the year for the
building was Rs.1,32,000 debited to rent
expenses A/c in the books of business. One
month rent is still outstanding. Liability of the
business for rent outstanding
Given Rent paid for one year for both business and residence and also given one month rent outstanding
therefore 132000/11=11000.
11000/2=5500
but answer is 6000 why ?
Cpprasad
(CA Student)
(125 Points)
Replied 19 July 2013
| Originally posted by : akash gupta | ||
 |
Yaa 6000 is correct because 132000/11--6000 |
and one month rent is outatanding .so 132000/12=11000/2 =5500 for one month .why this is wrong? |
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but given rent paid for the year 1,32,000
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