Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec

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Question

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

Question Submitted By :: Guest

I also faced this Question!!

Rank

Answer Posted By

Re: 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

Answer
# 1

Rent A/C Dr    3000.00
   To Cash A/C      3000.00
( BEING CASH PAID FOR THE MONTH OF JAN TO MARCH )

Is This Answer Correct ?

8 Yes

11 No

Sathishkumar

Re: 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

Answer
# 2

in this case two entries has to be passed, the first entry 
will be .
rent a/c..........dr
  to cash.........
2-advace rent a/c dr
  to cash

Is This Answer Correct ?

15 Yes

4 No

Hashim Bim Ali

Re: 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

Answer
# 3

rent a/c 3000/-
adv rent received 9000/-
to Cash 12000/-

rent received for Jan, feb & mar. balance need to be 
adjused when required through JV

Is This Answer Correct ?

4 Yes

10 No

Indranil

Re: 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

Answer
# 4

Rent A/C Dr    3000.00
   To Cash or Bank A/C   3000.00
( BEING CASH PAID FOR THE MONTH OF JAN TO MARCH )

Is This Answer Correct ?

1 Yes

12 No

Murali. R

Re: 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

Answer
# 5

WHEN RENT IS PAID
RENT ADVANCE A/C DR
  TO CASH


WHEN RENT BECOMES DUE
RENT A/C DR
  TO RENT ADVANCE A/C

Is This Answer Correct ?

3 Yes

7 No

Rupan

Re: 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

Answer
# 6

when rent paid 12,000/-
prepaid rent A\C  Dr  12000/-
   To,cash or bank A\C        12000/-

for jan month,
rent A\C    Dr         1000/-
    To,prepaid rent A\C         1000/-

for feb month,
rent A\C    Dr         1000/-
    To,prepaid rent A\C         1000/-


for march month,
rent A\C    Dr         1000/-
    To,prepaid rent A\C         1000/-

Is This Answer Correct ?

20 Yes

6 No

Jaykumar

Re: 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

Answer
# 7

rent   a/c dr    3000
rent advance a/c dr  9000
 to cash a/c          12000
( being it assume that finacial calender yr as per india )

Is This Answer Correct ?

14 Yes

1 No

Varun Paliwal

Re: 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

Answer
# 8

It is assumed that the rent is paid in the month of January.
31st Jan: Rent A/C    Dr              1000
          Advance Rent A/C    Dr.     11000
                To Cash                           12000

28th Feb : Rent  A/C     Dr.           1000
               To Advance Rent A/C                1000

31st March: Rent  A/c    Dr.          1000
                 To Advance Rent  A/C             1000

Is This Answer Correct ?

10 Yes

2 No

Jaidev Guin

Re: 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

Answer
# 9

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 ?

1 Yes

2 No

Sumit Kumar

Re: 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

Answer
# 10

due entry passed in end of every months
rent A/c      dr            1000
To outstanding Rent A/c           1000


payment entry

outstanding Rent A/c dr     3000
To Cash A/c                        3000

Is This Answer Correct ?

1 Yes

3 No

Umesh

Re: 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

Answer
# 11

Rent exp a/c             3000 
Prepaid Rent Exp a/c     9000
    To Cash/Bank a/c             12000

Is This Answer Correct ?

4 Yes

1 No

Prince

Re: 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

Answer
# 12

what is the stock revalution,pls suggest me

Is This Answer Correct ?

1 Yes

0 No

Pawan Bohara

Re: 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

Answer
# 13

when rent is  paid it should be mention 

if it is paid on april 

Rent A/c        3000
prepaid rent    9000
   to cash                  12000

in the month of may

rent A/c       3000
    to prepaid Rent   3000

Is This Answer Correct ?

1 Yes

0 No

Sumit Kumar

Re: 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

Answer
# 14

if it is paid on january 

rent A/c      1000
prepaid rent  11000
  To Cash             12000

in the month of february

rent A/c       1000
 To prepaid rent       1000

Is This Answer Correct ?

6 Yes

0 No

Sumit Kumar

Re: 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

Answer
# 15

For Jan 
Rent A/c.............Dr.  1000
Prepaid Rent A/c.....Dr. 11000
To cash/bank .................A/c.Cr 12000

For Feb
Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000

FOr March

Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000

and So on for each month upto  Dec.

Is This Answer Correct ?

3 Yes

0 No

Kiran Kumar K

Re: 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

Answer
# 16

RENT A/C   DR     12000
    RENT PAYBLE A/C 12000
  

FOR JAN 

 RENT PAYBLE A/C DR  1000

     TO  CASH A/C    1000

FOR FEB

RENT PAYBLE A/C DR 1000

    TO CASH A/C     1000

FOR MARCH

RENT PAYBLE A/C DR  1000

   TO CASH A/C      1000

Is This Answer Correct ?

1 Yes

4 No

Narasimha Rao

Re: 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

Answer
# 17

DEBIT       CREDIT
                               -----       ------
JAN
PREPAID RENT                   12000
CASH                                        12000
(To book liabilites in books)
--------------------------------------------------  
                               DEBIT       CREDIT
                               -----       ------
JAN 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 1st month Rent Expense in books
-------------------------------------------------
                               DEBIT       CREDIT
                               -----       ------
FEB 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 2nd month Rent Expense in books
-------------------------------------------------
                               DEBIT       CREDIT
                               -----       ------
FEB 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 3rd month Rent Expense in books)
-------------------------------------------------

Is This Answer Correct ?

2 Yes

0 No

Kamran Jamal

Re: 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

Answer
# 18

Correction in above entry for the month of March.
                               
                               DEBIT       CREDIT
                               -----       ------
JAN
PREPAID RENT                   12000
CASH                                        12000
(To book liabilites in books)
--------------------------------------------------  
                               DEBIT       CREDIT
                               -----       ------
JAN 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 1st month Rent Expense in books
-------------------------------------------------
                               DEBIT       CREDIT
                               -----       ------
FEB 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 2nd month Rent Expense in books
-------------------------------------------------
                               DEBIT       CREDIT
                               -----       ------
MAR 
RENT EXPENSE                    1000
PREPAID RENT                                 1000
(To charge 3rd month Rent Expense in books)
-------------------------------------------------

Is This Answer Correct ?

1 Yes

1 No

Kamran Jamal

Re: 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

Answer
# 19

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

0 No

B.narasimha Rao

Re: 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

Answer
# 20

rent a/c     12000
to cash            12000

adv rent a/c   3000

to rent a/c          3000

Is This Answer Correct ?

1 Yes

1 No

Sreekanth

Re: 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

Answer
# 21

rent a/c   3000
prepaid rent a/c  9000
   To cash a/c   12000

Is This Answer Correct ?

2 Yes

1 No

Shilpi

Re: 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

Answer
# 22

Rent A/c Dr              3000
Advance rent A/c dr      9000
    To cash a/c                      12000

Is This Answer Correct ?

0 Yes

1 No

Firos

Re: 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

Answer
# 23

ACTUALLY WE FALLOW THE FINANCIAL YEAR APRIL TO MARCH. IN 
THIS QUESTION MENTIONED JANUARY TO DECEMBER MEANS JANUARY 
TO MARCH IS PREVIOUS YEAR. SO WE PASS THE OUTSTANDING ENTYR 
TO EACH MONTH.

31ST JAN
   RENT ACCOUNT ......DR.        1000
       TO. OUTSTANDING EXP A/C         1000

28TH FEB
   RENT ACCOUNT ......DR.        1000
       TO. OUTSTANDING EXP A/C         1000

31ST MARCH

   RENT ACCOUNT ......DR.        1000
       TO. OUTSTANDING EXP A/C         1000

THE FINANCIAL YEAR ENDING THE OUTSTANDING EXP A/C IS 3000/-
IN CURRENT FINANCIAL YEAR IS APRIL TO NOVEMBER IS 
OUTSTANDING EXP IS 8000/- DECEMBER MONTH DEBITED TO 
DIRECTLY RENT ACCOUNT

Is This Answer Correct ?

1 Yes

0 No

Seshagiri

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