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If the rent received in advance Rs. 2,00...

If the rent received in advance Rs. 2,000. The adjustment entry will be :
1) Debit profit and loss account and Credit rent account
2)Debit rent account Credit rent received in advance account
3)Debit rent received in advance account and Credit rent account
4)None of these.

A

Debit profit and loss account and Credit rent account

B

Debit rent account Credit rent received in advance account

C

Debit rent received in advance account and Credit rent account

D

None of these.

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