Maharashtra State BoardHSC Arts 11th
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State whether the following statement is True or False with reasons.If rent is paid to landlord, landlord's A/c should be debited. - Book Keeping and Accountancy

MCQ
True or False

State whether the following statement is True or False with reasons.
If rent is paid to landlord, landlord's A/c should be debited.

Options

  • True

  • False

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Solution

This statement is False. 
Rent paid is an expense and Rent paid A/c should be debited, not Landlord A/c be debited.

  Is there an error in this question or solution?
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