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

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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 ?

1 Yes

3 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 ?

3 Yes

1 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 ?

0 Yes

3 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 ?

0 Yes

2 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 ?

0 Yes

1 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 ?

2 Yes

1 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 ?

3 Yes

0 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 ?

3 Yes

0 No

Jaidev Guin

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