Accounting · Adjustment Entries
Which one of the following will be the adjustment journal entry if the rent received in advance is ₹ 2,000?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Debit rent account and Credit profit and loss account
- 2Debit rent received in advance account and Credit rent received account
- 3Debit rent received account and Credit rent received in advance account✓
- 4Debit profit and loss account and Credit rent account
Correct answer
Debit rent received account and Credit rent received in advance account
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