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The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
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Answer Posted / satya
Actual Entries would be:
In the month of Feb:
Rent A/c Dr12000
Advance Rent A/c Dr 3000
To Cash A/c 15000
In the M/o March:
Rent A/c Dr12000
To Advance Rent A/c 3000
To Rent Payable A/c 6000
To Cash A/c 3000
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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