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
Answer Posted / 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 |
Post New Answer View All Answers
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
What is the relationship between, issued share capital, share premium and paid up capital?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
Expand SOIT
what is non stock?
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
what happens to each of the three primary financial statements when gross margin decreases?
when apply for ragistred in central excise no
in what form is crr kept in RBI?
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
Why you want to leave your present job while they offer you with good offer?
differed tax liability