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Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
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Answer / anita
Prepaid Expenses A/c .... Dr 20,000/-
to Bank A/c ............ cr 20,000/-
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / fawas rahman.
in Mr. A Account
Rental Advance A/ac Dr 20,000
To Cash 20,000
1st Month the entry will be
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Second Month the entry will be
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Last Month
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Rental Advance A/cLedger Account
To cash 20,000
By Rent expenses 1st month 6,666.67
By Rent expenses 2nd month 6,666.67
By Rent expenses 3rd month 6,666.67
Balance 20,000 20,000
the rental advance will be nil at the end of last month..
In rent expenses Ledger
To Rental Advance due 1st month 6,666.67
To Rental Advance due 2nd month 6,666.67
To Rental Advance due 3rd month 6,666.67
G Total 20,000.00
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / mohammed mostafa
Answer
DR Prepaid Expense(Rent) 20000.00
CR Bank 20000.00
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mohammad
Rent Advance A/c...Dr 20000
to Bank A/c...... 20000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajni
RENT Advance A/c ...........Dr 20000
To Bank A/c ............cr 20000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / earasathiru6
Prepaid Rent A/c Dr 20000
to rent A/c Cr 20000
(Being paid Against advance rent )This is a JV Jv is come
When non cash related here we r give cash cr when the month
is come
Rent A/c Dr 6666
To cash A/c 6666
(Being cash Paid Against Rent)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajveer chaudhary
PREPAID EXP A/C DR 20000
TO BANK A/C
(BEING PREPAID RENT PAID )
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chandu
prepaid exp A/c DR 20000
To Bank A/C
(Being prepaid expence
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul
(A's account)
Prepaid Expenses(Rent) A/c Dr.20000
To Bank A/c 20000
(Being Rent paid in Advance of 3 months.)
if paid by bank otherwise to cash
| Is This Answer Correct ? | 0 Yes | 0 No |
Advance Rent A/c Dr. 20000.00
to B A/c 20000.00
| Is This Answer Correct ? | 2 Yes | 3 No |
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