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Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
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Answer Posted / rahul
(A's account)
Prepaid Expenses(Rent) A/c Dr.20000
To Bank A/c 20000
(Being Rent paid in Advance of 3 months.)
if paid by bank otherwise to cash
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