Answer / 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

Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

0 Answers   Dixit Infotech, KSS,

---

Company has 10000 shares, issued dividend of 10rs, tax 25% what is total net profit ?

5 Answers   Franklin Templeton,

---

Stale Cheque entry in the books & when it reissued again then Entry in the books.

2 Answers  

---

what is journal entry for Bad debts recovered

13 Answers   Genpact,

---

suppose you make a bill with service tax and on the time of service tax return you have deposit the same. but now party denies to pay the value of service tax. what adjustment entry you pass to rectify the a/c.

2 Answers  

---

---

what is the difference between financial accouning and financial management?

0 Answers   Telenor,

---

Expand--------SRTA

0 Answers  

---

What do you mean by Amortization?

9 Answers  

---

What is Asset& Liabilities? What is depreciation And define methods. what is BRS and when we can use . Explain Acconting concepts & principles. General entry for paybles. What is dividend?

3 Answers   Franklin Templeton,

---

What is the meaning of blue chip company?

16 Answers   Capital IQ,

---

what do u mean by NPA????

8 Answers   State Bank Of India SBI,

---

Why Banking companies didn't show EBIT in income statement?

2 Answers   State Bank Of India SBI, TATA,

---