Our Recommendations :-
Follow CA CPT | CA Foundation FB Page

Lease paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 lease paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 Rent to be charged to the P/L A/C for the year finished 31-03-2012 = ? a) Rs. 15,000 b) 13,000 c) Rs. 12,000 d) 20,000 Ans is Rs 15,000 how to understand it....... pls explain.........??

10153151 616441875107752 6844265409377433766 n CAKART asked almost 2 years ago

Lease paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 lease paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 Rent to be charged to the P/L A/C for the year finished 31-03-2012 = ? a) Rs. 15,000 b) 13,000 c) Rs. 12,000 d) 20,000 Ans is Rs 15,000 how to understand it....... pls explain.........??

    0       0 Answer Now Comment Report
5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shweta answered almost 2 years ago

6000 from 1/04/2011 to 30/09/2011 and 9000 from 1/10/2011 to 31/03/2012 so natural fella

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Subhasis Giri answered almost 2 years ago

Dear Harish , Kindly discover the solution Rent from April 2011 - September 2011 ( 1000*6 = 6000 Rent From Oct 2011-walk 2012 (1500*6 = 9000 Total Rent for the year finished 31 walk 2012 = 15000

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Subhasis Giri answered almost 2 years ago

Lease paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 ie. 1,000 every month lease paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 ie. 1,500 every month Financial year 2011-2012 is from April 2011 to March 2012 Therefore Take lease from those months just Apr-11 1,000.00 May-11 1,000.00 Jun-11 1,000.00 Jul-11 1,000.00 Aug-11 1,000.00 Sep-11 1,000.00 Oct-11 1,500.00 Nov-11 1,500.00 Dec-11 1,500.00 Jan-12 1,500.00 Feb-12 1,500.00 Mar-12 1,500.00 15,000.00

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 niraj answered almost 2 years ago

We essentially need to discover the lease for the period-1-4-2011 to 31-3-2012 according to first line)) We paid lease of 12000 for 1-10-2010 to 30-09-2011... Contrast this period and the period at the top (highlighted with red). It incorporates 6 months of that period, i.e 1-4-2010 to 30-09-2011.Therefore, to get the lease of that six months, duplicate 12000 by 6/12 whioch approaches 6000. Henceforth 6000 lease paid for 1-4-2011 to 30-09-2011. According to second line)) We paid lease of 18000 for 1-10-2011 to 30-09-2012.. Once more, contrast this period and (1-4-2011 to 31-3-2012). It icludes 6 moths, i.e. 1-10-2011 to 31-3-2012. Duplicate this with 6/12 too which rises to 9000. 9000 lease paid for 1-10-2011 to 31-3-2012. 9000+6000=15000. Trust you get it. :)

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sumanta answered almost 2 years ago

9000+6000=15000

    0       0 Comment Report
Similar Questions

Similar Articles like Lease paid for the period from 1-10-2010 to 30-09-2011 was Rs. 12,000 lease paid for the period from 1-10-2011 to 30-09-2012 was Rs. 18,000 Rent to be charged to the P/L A/C for the year finished 31-03-2012 = ? a) Rs. 15,000 b) 13,000 c) Rs. 12,000 d) 20,000 Ans is Rs 15,000 how to understand it....... pls explain.........??

Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.