Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 54329 Views
- Accenture, Genpact, Mercer, I also Faced
- E-Mail Answers
Answer Posted / seshagiri
ACTUALLY WE FALLOW THE FINANCIAL YEAR APRIL TO MARCH. IN
THIS QUESTION MENTIONED JANUARY TO DECEMBER MEANS JANUARY
TO MARCH IS PREVIOUS YEAR. SO WE PASS THE OUTSTANDING ENTYR
TO EACH MONTH.
31ST JAN
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
28TH FEB
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
31ST MARCH
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
THE FINANCIAL YEAR ENDING THE OUTSTANDING EXP A/C IS 3000/-
IN CURRENT FINANCIAL YEAR IS APRIL TO NOVEMBER IS
OUTSTANDING EXP IS 8000/- DECEMBER MONTH DEBITED TO
DIRECTLY RENT ACCOUNT
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what are the types of provisions that you would make for the end of a financial year?explain
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
EXPAND______________IARCS
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
what do u mean by single error and double error in accointing errors?
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
how there prepare bank interview
What is the New GL concept? how do you configure new GL a/c?
What are the accounting conventions and Practices?
all of interview question about coop bank of oromia
Expand MNS
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
