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A company closing its acconts in december..its paying
10000/-as rent......in the month of august it paid 4 months
rent as advance...how will u account this

Answer Posted / saba

as the rent is paid is advance in august entry come
Adance rent A/c dr
TO Cash A/c

For adjusting the rent in future in december Month
entry is
rent a/c dr
advance rent A/c

Is This Answer Correct ?    4 Yes 1 No



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