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| Amrita & Sikha started business on 1st April,2020 from property owned by Amrita. It was agreed that Amrita will be paid rent @ 9000 per month from 1st April,2021. At the time of preparing of accounts of partnership firm for the year ended 31st March,2022, Amrita demanded that rent be credited to her for the year to which Sikha did not agree. Who is correct and if Amrita is correct then how much amount is credited? |
Amrita is correct, ₹100000 Sikha is correct Amrita is correct, ₹120000 None of these |
| None of these |
| Amrita is correct because it is agreed between them that rent will be credited from 1st April,2021 but amount is wrong in the question. Correct amount will be (9000*12) = ₹108000 |
