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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 / kuldeepkumar
The correct entries are:-
For the month of Feb:
Rent A/c Dr. 12000/-
Prepaid Rent A/c Dr. 3000/-
To Bank/Cash A/c 15000/-
For the month of March:
Rent A/c Dr. 12000/-
To Prepaid Rent A/c 3000/-
To Bank/Cash A/c 3000/-
To Outstanding Rent A/c 6000/-
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