Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
- 10 Answers
- 8092 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anita
Prepaid Expenses A/c .... Dr 20,000/-
to Bank A/c ............ cr 20,000/-
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / fawas rahman.
in Mr. A Account
Rental Advance A/ac Dr 20,000
To Cash 20,000
1st Month the entry will be
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Second Month the entry will be
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Last Month
Rent Expenses A/C Dr 6,666.67
To Rental Advance A/c 6,666.67
Rental Advance A/cLedger Account
To cash 20,000
By Rent expenses 1st month 6,666.67
By Rent expenses 2nd month 6,666.67
By Rent expenses 3rd month 6,666.67
Balance 20,000 20,000
the rental advance will be nil at the end of last month..
In rent expenses Ledger
To Rental Advance due 1st month 6,666.67
To Rental Advance due 2nd month 6,666.67
To Rental Advance due 3rd month 6,666.67
G Total 20,000.00
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / mohammed mostafa
Answer
DR Prepaid Expense(Rent) 20000.00
CR Bank 20000.00
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mohammad
Rent Advance A/c...Dr 20000
to Bank A/c...... 20000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajni
RENT Advance A/c ...........Dr 20000
To Bank A/c ............cr 20000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / earasathiru6
Prepaid Rent A/c Dr 20000
to rent A/c Cr 20000
(Being paid Against advance rent )This is a JV Jv is come
When non cash related here we r give cash cr when the month
is come
Rent A/c Dr 6666
To cash A/c 6666
(Being cash Paid Against Rent)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajveer chaudhary
PREPAID EXP A/C DR 20000
TO BANK A/C
(BEING PREPAID RENT PAID )
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chandu
prepaid exp A/c DR 20000
To Bank A/C
(Being prepaid expence
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul
(A's account)
Prepaid Expenses(Rent) A/c Dr.20000
To Bank A/c 20000
(Being Rent paid in Advance of 3 months.)
if paid by bank otherwise to cash
| Is This Answer Correct ? | 0 Yes | 0 No |
Advance Rent A/c Dr. 20000.00
to B A/c 20000.00
| Is This Answer Correct ? | 2 Yes | 3 No |
what is accounts receivable and accounts payable and how to use accounts receivable and accounts payable?
What is ABC Analysis in industrial function. hw can it s maintain ?
what is net profit?
ABC ANALYSIS,HMN ANALYSIS
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
how to entry in tally for other person check received
what is mutualfund?
12 Answers Bank Of America, Banking, FactSet Systems,
Expand ________GIR
EXPAND_________SMS
Can i make invoice when my client apply for TIN Number ?
What do mean by sales ledger and sales account
Please tell me the process of Selction of Junior Research Associate in Capitaliq(Intervie rounds&written test)
Audit 
