The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
Answers were Sorted based on User's Feedback
Answer / koti
For the month of February....
Rent A/c 12000/-
To Bank/CashA/c 12000/-
Prepaid Rent A/c 3000/-
To Rent A/c 3000/-
For the month of march
Rent A/c 3000/-
To Bank/Cash A/c 3000/-
Rent A/c 6000/-
To Rent Outstanding A/c 6000/-
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajeev gaur
Rent A/c Dr. 12000.00
Prepaid Rent A/c Dr. 3000.00
To Bank A/c 15000.00
In March
Rent A/c Dr. 12000.00
To Bank A/c 3000.00
To Prepaid Rent A/c 3000.00
To Outstanding Rent A/c 6000.00
Is This Answer Correct ? | 0 Yes | 0 No |
for the month of february
journal voucher
rent a/c dr 12000
to rent paayable a/c 12000
payment voucher
rent payable a/c dr 15000
to cash/bank a/c 15000
for the month of march journal voucher
prepaid rent a/c dr 3000
to rent payable a/c 3000
rent a/c dr 9000
to rent payable a/c 9000
payment voucher
rent payable a/c dr 3000
to cash/bank a/c 3000
for the month of april JV
rent a/c dr 12000
to rent payable 12000
total out standing rent
in the march month 6000
present month april 12000
total outstanding rent 18000 to pay
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul
For the month of Feb
Rent A/c 12000/-
To Bank/CashA/c 12000/-
Prepaid Rent A/c 3000/-
To Rent A/c 3000/-
For the month of march
Rent A/c 3000/-
To Bank/Cash A/c 3000/-
Rent A/c 6000/-
To Rent Outstanding A/c 6000/-
Is This Answer Correct ? | 3 Yes | 5 No |
Answer / srinivas.s
in the month of febbruary.
rent a/c dr.........12000
Advance rent a/c.... 3000
to cash/bank a/c...........15000
in the month of March.
rent a/c de..........15000
to Out standing rent a/c.....12000
to cash/bank a.c..............3000
Is This Answer Correct ? | 3 Yes | 7 No |
Answer / neetu
In the month of Feb :
Rent A/c Debit Rs.12000
Landlord A/c Rs.12000
For Payment of rent Rs.12000 and payment of Rs.3000
Landlord A/c Debit Rs.12000
Cash or Bank A/c Rs.12000
(Actual Rent Paid)
Landlord A/c Debit Rs.3000
Cash or Bank A/c Rs.3000
(Excess payment to landlord)
In the month of March
Landlord A/c Debit Rs.3000
Cash or Bank A/c Rs.3000
(Paid to Landlord)
At the end of the financial year Rs.6000 due from
Landlord
Is This Answer Correct ? | 3 Yes | 10 No |
Answer / h.r. sreepada bhagi
Going by your query you have paid Rs.3000/- excess in the
month of Feb. Why have you paid another Rs.3000/- in March?
Is it that actual rent is Rs. 15000/- and have paid
Rs.12000/-, so have paid the balance of Rs. 3000/- in teh
next month :-
In that case the Journal entry would in Feb :-
Rent A/c Debit Rs.15000/-
Landlord A/c Rs.15000/-
(TDS not considered)
Bank Payment entry in Feb :-
Landlord A/c Debit Rs.12000/-
Bank/Cash A/c Credit Rs.12000/-
Bank Payment entry in Feb :-
Landlord A/c Debit Rs.3000/-
Bank/Cash A/c Credit Rs.3000/-
But if actual rent was 12000/- as you have mentioned and
have paid 15000+3000, then there is an excess payment of
6000/-. Either this amount has to be received from teh
landlord or deducted from the rent of next month.
Is This Answer Correct ? | 6 Yes | 15 No |
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