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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 / hemanth
it is a representative personnel account. hence
rent a/c 'Dr'
To rent outstanding a/c
(in the jan month)
rent outstanding a/c 'Dr'
To cash a/c
( in the Feb month when rent paid)
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