Challenger App

No.1 PSC Learning App

1M+ Downloads
Prepaid rent is treated as :

AAsset

BLiability

CLoss

DNone of these

Answer:

A. Asset


Related Questions:

A minor below 10 years can open a bank account:
When an asset is purchased debit is given to ________ account.
The balance in the Share Forfeited Account after the reissue of forfeited shares is transferred to
A trial balance lists the balances of all ledger account and the ?
Which Accounting Standard deals with revenue recognition?