Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
Answer Posted / rajveer chaudhary
PREPAID EXP A/C DR 20000
TO BANK A/C
(BEING PREPAID RENT PAID )
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Under the accrual basis of accounting incomes are recognised at the time -------------------
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