Rent received in advance journal entry

Question Posted / lalitha lasya

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Rent received in advance journal entry..

Answer / lalitha lasya

Debit: Bank/Cash..................$600
Credit: Rent received in advance (liability).............$600

The income received in advance is a liability.

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28 Yes

4 No

Rent received in advance journal entry..

Answer / ishaq

Cash Account Debit
TO Rent Advance Account

Is This Answer Correct ?

8 Yes

0 No

Rent received in advance journal entry..

Answer / nisha sagore

Bank/cash A/c DR.
Prepaid rent CR.
(Being rent received in advanced)

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5 Yes

1 No

Rent received in advance journal entry..

Answer / yalla kalyan

cash ac Dr
TO rent received ac

Is This Answer Correct ?

2 Yes

3 No

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