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ENTRY FOR PREPAID INSURENCE AND ENTRY FOR OUTSTANDING RENT
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Answer Posted / vishukumar b s
PREPAID INSURENCE A\c DR
TO CASH\BANK A\C
RENT A\C DR
TO OUTSTANDING RENT A\C
When exepnses incured enrty willbe
INSURENCE A\C DR
TO PREPAID INSURENCE A\C
When outstanding rent paid entry willbe
OUTSTANDING RENT A\C DR
TO CASH\BANK A\C
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