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(a) Nominal A/c
(b) Representative Personal A/c
(c) Tangible Assets A/c
(d) None
answer B :
Representative Personal A/c
Prepaid Rent is Shown under Current Assets. Hence the answer is : c) Tangible Assets A/c in the given options above.
Any prepaid lies as our current asset and is a reciavable
Prepaid is termed to be a tangible asset A/C
. Prepaid rent is tangible Assets
Prepaid rent is Nominal Account because it represent expenses or income.
answer is d. prepaid rent is under current assets
Representative personal account
