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
- 34 Answers
- 46349 Views
- Accenture, Genpact, Mercer, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????
explain the financialand economic meaning of investment?
what is capital market and money market? what is primary market and secondary market?
what is article of association? what is memorandum of association?
EXPAND______________ICC
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
what is meant by virus
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Explain about Fixed capital
tell me about roll model as father
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
Expand-------SNAT
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
WHAT IS INTEGRAL ACCOUNTING
