Rent Paid Rs.12000/- (which is included for the whole year
i.e Jan to Dec) and they have asked me to give Journal
Entry for the
Entry for the Month of Jan, Feb and March
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Answer / naren
1)Rent A/C Dr 12000/-
To Cash/Bank 12000/-
(Being Rent Received for Jan to Dec 1000*12=12000)
2)Rent A/C Dr 3000/-
Rent in Advnace Recevied A/C 3000/-
(Being Rent Paid in Advance for 3 Month 3*1000=3000
(Jan ,Feb and March)
3)
Profit& Loss A/C
To Rent 12000
Less Prepaid Rent -3000
Net 9000/-
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / muhammad ali
01 prepaid rent 12000
cash 12000
adjustment
rent exp 3000
prepaid rent 3000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / surendra
1. At the time of Prepaid receipt you have to pass the JE
Prepaid rent a/c Dr. 12000
To Bank / Cash a/c 12000
2. To net of period wise you need to pass the JE month on month like
Rent a/c Dr 1000
To. Prepaid rent a/c 1000 (Jan,feb, march,...Dec)
3.The final JE will be at the end of the period is
Rent a/c Dr. 12000
To Bank / Cash a/c 12000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rohit gupta
First 9 month entry (i.e APr to Dec)
Rent A/c Dr
To Vendor
To Tds Rent @ 10%
Second 3 month Entry (I.e Jan to March)
Prepaid Rent A/c Dr
To Rent Payble
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dhairya gupta
Rent Paid A/c Dr. 3000/-
Advance Rent Paid A/c Dr. 9000/-
To Cash 12000/-
Rent A/C Dr. 9000/-
To Advance Rent Paid A/c 9000/-
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sreekanth
rent a/c 12000
to cash 12000
adv rent a/c 3000
to rent a/c 3000
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / shaiksikander
Rent a/c dr 12000
to cash 12000
every month he pay the rent like dis till jan to december.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sumit kumar
take the figure of 1000000 for the year instead of 12000/-
tds will be deducted, what will be the entry, party name
should also appear.
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / b.narasimha rao
ADVANANCE RENT A/C DR 12000
TO RENT A/C 12000
FOR JAN
RENT A/C DR 1000
T0 CASH/BANK 1000
FOR FEB
RENT A/C DR 1000
TO CASH/BANK A/C 1000
FOR MARCH
RENT A/C DR 1000
TO CASH /BANK 1000
| Is This Answer Correct ? | 1 Yes | 3 No |
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