Assuming, Mr. A. paid rent of P25, 000, this would result to decrease in capital and decrease in liability.Select one:TrueFalse

Assuming the rent will grow at 5% p.a what is the value the property?

The payment of a liability decreases both assets and liabilitiesGroup of answer choicesTrueFalse

If a city government enacts a maximum price on rent

If total assets increase by $20,000 and total liabilities increase by $12,000, the capital will:Question 5Answera.Increase by $32,000b.Decrease by $8,000c.Decrease by $32,000d.Increase by $8,000

Rent paid on 1st October, 2018 for one year upto 30th September, 2019 was Rs.2,400. Rent paid on 1st October for the year upto 30th September, 2020 was Rs.3,200. Rent shown in the P&L A/c for the year ended on 31st December, 2019 would be: a Rs.6,000 b Rs.3,200 c Rs.3,000 d Rs.2,600