Outstanding rent of N300 is paid by the proprietor. The e...
Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that
Both the liability and asset are increased
Both the liability and asset are decreased
Liability is increased while the asset is decreased
Liability is decreased while the asset is increased
Both liability and asset remain unchanged
Correct answer is B
No explanation has been provided for this answer.
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