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Answers:
• Repayment of a bank loan.
• Dividends to stockholders.
• Purchase of land.
• Payment of the current period's rent.
Payment of the current period's rent
..............>>>>>>>>>>> Payment of the current period's rent>>>>>>>>>>>>>>...............
Payment of the current period's rent, as the expense is incurred already.
• Payment of the current period's rent ,,,,,,,,,,,,,,,,,,,,,,,,
Payment of the current period's rent....is my choice
Payment of rent for current period
payment of current period's rent. Because its value would be utilized and there would be no ownership after using it. while bank loan is a liability, dividends are accounted for in profit and loss appropriation account and purchase of land is an asset.
Payment of the current period's rent ....................................................
Only payment of the current period's rent are accounted as expenses because of its nature as payable as cost of operations.
payment for electric bill for the accounting periods. is an expense
Payment of current period's rent . Rent is an expense in the income statement.
