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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 Posted / sharada r
31-1-2009 Rent A/c Dr 2000
To Rent payable A/c 2000
(Being the Rent due for the month of Jan)
1-2-2009 Rent payable A/c Dr 2000
To Cash A/c 2000
(Being the january month salary paid)
These are Accrual accounting transaction.
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