Answer Posted / vinay kumar

For bills In advance entry will be
Let's the expenses is for rent then if at one time all the 12 month rent is paid in 1st of July,2016 then for july month the entry will be
Rent account Dr.1/12th of rent
Prepaid rent account Dr.11/12th of rent
To bank/cash account




For bills in arrear
Rent of 3 month due in financial year but paid only for 1 month then

Rent a/c Dr.3 month rent
To cash/bank. 1month rent
To outstanding rent 2 month rent





I hope ,u got ur answer

what is dieerence between capital cpapital structure

2438

---

what is the process of excise duty?

2589

---

Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

2052

---

What will be the consequences if the partnership is not registered

1988

---

Nature of training account with reason

1637

---

different between acconting and elective mathematics

2265

---

is indian bank or canara bank CBS brach?

2150

---

Expand MNS

2288

---

Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1957

---

what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1951

---

please explain the uses of internate protocol address(ip add)?

2269

---

how can i make configration relation with inflation in sap

1968

---

what do u mean by single error and double error in accointing errors?

2351

---

Define Bill of Exchange

2036

---

what are responsibilities of an accountant in a company?

2088

---