At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

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03-08-2017
Business

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At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

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Aliwohaish12 Aliwohaish12 · Answer 1 · 2017-08-03T20:00:42+02:00

Aliwohaish12 Aliwohaish12

03-08-2017

At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year

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Meochi Meochi · Answer 2 · 2018-07-03T16:56:20+02:00

Meochi Meochi

03-07-2018

The correct answer to your questions is "Assets will be decreased."

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