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 |
Post New Answer View All Answers
What is the definition of manual accounting?
What is the importance of accounting standards?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
Tell me the meaning of long-term notes payable is or long term liabilities?
What are a debit note and credit note with an example?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
Explain what is account receivable?
If balancing account is not assigned to company & is assigned to department wat will be the effects
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
what s account
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
What are assets minus liabilities?
Explain what is balance sheet?