Rent received in advance journal entry

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Rent received in advance journal entry..

Answer / lalitha lasya

Debit: Bank/Cash..................$600
Credit: Rent received in advance (liability).............$600

The income received in advance is a liability.

Is This Answer Correct ?    28 Yes 4 No

Rent received in advance journal entry..

Answer / ishaq

Cash Account Debit
TO Rent Advance Account

Is This Answer Correct ?    8 Yes 0 No

Rent received in advance journal entry..

Answer / nisha sagore

Bank/cash A/c DR.
Prepaid rent CR.
(Being rent received in advanced)

Is This Answer Correct ?    5 Yes 1 No

Rent received in advance journal entry..

Answer / yalla kalyan

cash ac Dr
TO rent received ac

Is This Answer Correct ?    2 Yes 3 No

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