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Rent paid rs 2000 in Jan and feb 2009. What will the entry
in Feb 1st 2009.
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Answer / durgaprasad m
Rent A/c-----Dr 2000
To Cash 2000
(being rent paid for the month of jan)
Prepaid A/c---Dr 2000
To cash 2000
(rent paid to advance for the month of feb)
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My dear Friends, I too faced the same question in the same
place. Your QUESTION is WRONG. Actually the question is
== in the month of February I paid January, February and
March. Then what is the entry is the question.
For that answer is:
For the month of February:
Out standing Rent a/c. Dr. XXX
To Bank / Cash a/c. Cr. XXX
For the month of March:
Rent A/c. Dr. XXX
To Bank / Cash a/c. Cr. XXX
For the month of March:
Prepaid Rent A/c. Dr XXX
To Bank / Cash a/c. Cr. XXX
Note: Friends ask any questions directly through my mail ID.
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Answer / hemanth
it is a representative personnel account. hence
rent a/c 'Dr'
To rent outstanding a/c
(in the jan month)
rent outstanding a/c 'Dr'
To cash a/c
( in the Feb month when rent paid)
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Answer / bn.manohar reddy
In the month of jan.
Rent a/c Dr. 2000
To cash/Bank a/c 2000
(Being rent paid to owner for the month of jan.)
In the month of feb.
Rent a/c Dr. 2000
To cash/Bank a/c 2000
(Being rent paid to owner for the month of feb.)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohan
Rent Paid in the month of feb
Rent paid account dr 2000
to cash or bank a/c 2000
Being rent paid for the month of feb
Where as the rent paid for the month of jan in Feb the entry
will be
O/s Rent dr 2000
to bank or cash a/c
Being rent paid for the month of Jan in the month of Feb
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Answer / kiran
Question says what is the entry for feb so no change as compared to to previous month
Rent A/c Dr 2000
To Bank/cash A/c Cr 2000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bijoy.ss
Rent A/c Dr 1000
Rent Prepaid A/C Dr 1000
To Cash/Bank Account 2000
(If entry Passed in Jan)
In Feb
Rent A/c Dr 1000
To Rent Prepaid A/C
(Prepaid entry amortized in Feb)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / durgaprasad.k
Rent A/c........Dr
To Cash A/c
(Being Rent paid for the month of Jan)
| Is This Answer Correct ? | 1 Yes | 2 No |
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