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Rent Paid Rs.12000/- (which is included for the whole year
i.e Jan to Dec) and they have asked me to give Journal
Entry for the
Entry for the Month of Jan, Feb and March
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Answer / jaykumar
when rent paid 12,000/-
prepaid rent A\C Dr 12000/-
To,cash or bank A\C 12000/-
for jan month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-
for feb month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-
for march month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-
| Is This Answer Correct ? | 80 Yes | 19 No |
Answer / hashim bim ali
in this case two entries has to be passed, the first entry
will be .
rent a/c..........dr
to cash.........
2-advace rent a/c dr
to cash
| Is This Answer Correct ? | 55 Yes | 23 No |
Answer / varun paliwal
rent a/c dr 3000
rent advance a/c dr 9000
to cash a/c 12000
( being it assume that finacial calender yr as per india )
| Is This Answer Correct ? | 36 Yes | 8 No |
Answer / jaidev guin
It is assumed that the rent is paid in the month of January.
31st Jan: Rent A/C Dr 1000
Advance Rent A/C Dr. 11000
To Cash 12000
28th Feb : Rent A/C Dr. 1000
To Advance Rent A/C 1000
31st March: Rent A/c Dr. 1000
To Advance Rent A/C 1000
| Is This Answer Correct ? | 33 Yes | 6 No |
Answer / sathishkumar
Rent A/C Dr 3000.00
To Cash A/C 3000.00
( BEING CASH PAID FOR THE MONTH OF JAN TO MARCH )
| Is This Answer Correct ? | 51 Yes | 37 No |
Answer / sumit kumar
if it is paid on january
rent A/c 1000
prepaid rent 11000
To Cash 12000
in the month of february
rent A/c 1000
To prepaid rent 1000
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / prince
Rent exp a/c 3000
Prepaid Rent Exp a/c 9000
To Cash/Bank a/c 12000
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / kiran kumar k
For Jan
Rent A/c.............Dr. 1000
Prepaid Rent A/c.....Dr. 11000
To cash/bank .................A/c.Cr 12000
For Feb
Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000
FOr March
Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000
and So on for each month upto Dec.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / rupan
WHEN RENT IS PAID
RENT ADVANCE A/C DR
TO CASH
WHEN RENT BECOMES DUE
RENT A/C DR
TO RENT ADVANCE A/C
| Is This Answer Correct ? | 23 Yes | 19 No |
Answer / kamran jamal
DEBIT CREDIT
----- ------
JAN
PREPAID RENT 12000
CASH 12000
(To book liabilites in books)
--------------------------------------------------
DEBIT CREDIT
----- ------
JAN
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 1st month Rent Expense in books
-------------------------------------------------
DEBIT CREDIT
----- ------
FEB
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 2nd month Rent Expense in books
-------------------------------------------------
DEBIT CREDIT
----- ------
FEB
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 3rd month Rent Expense in books)
-------------------------------------------------
| Is This Answer Correct ? | 5 Yes | 2 No |
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