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If the rent of one month is still to be ...

If the rent of one month is still to be paid the adjustment entry will be :
1)Debit outstanding rent account and Credit rent account
2)Debit profit and loss account and Credit rent account
3)Debit rent account and Credit profit and loss account
4)Debit rent account and Credit outstanding rent account

A

Debit outstanding rent account and Credit rent account

B

Debit profit and loss account and Credit rent account

C

Debit rent account and Credit profit and loss account

D

Debit rent account and Credit outstanding rent account

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The correct Answer is:
D
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