On 1 January 2019, the company paidOMR 4500 cash as rent expenses for twomonths.Select one:a.Date ParticularsDebit Credit(OMR) (OMR)1 Jan Prepaid Rent4500Cash4500O b.Date ParticularsDebit Credit(OMR) (OMR)1 Jan CashPrepaid rent435004500c. None of theseO d.Date ParticularsDebit Credit(OMR) (OMR)1 Jan Rent4500Cash4500

Prepaid rent is a rent which is paid in advance before the expiry of utilisation of asset for the…

On 1 January 2019, the company paid OMR 4500 cash as rent expenses for two months. Select one: a. Date Particulars Debit Credit (OMR) (OMR) 1 Ja Prepaid Rent 4500 Cash 4500 O b. Debit Credit (OMR) (OMR) Date Particulars 1 Jan Cash Prepaid rent 43500 4500 O c. None of these O d. Date Particulars Debit Credit (OMR) (OMR) 1 Jan Rent 4500 Cash 4500

On 1 January 2019, the company paid OMR 4500 cash as rent expenses for two months. Select one: a. Date Particulars Debit Credit (OMR) (OMR) 1 Ja Prepaid Rent 4500 Cash 4500 O b. Debit Credit (OMR) (OMR) Date Particulars 1 Jan Cash Prepaid rent 43500 4500 O c. None of these O d. Date Particulars Debit Credit (OMR) (OMR) 1 Jan Rent 4500 Cash 4500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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