Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
Answer Posted / 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 |
Post New Answer View All Answers
my qustion is what is H foam and where use
What are motive behind mergers And acquisitions?
to attend interview for real estate company accounts
what is forecast
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
All Accounting Question Related Send Me ..
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
example of aptitude ns
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
let me know the minimum Accounting Heads in an accounting system
what is portfolio Saint?
distinguish between price rate and time rate?
What is revaluation of Accounts, how does it is accounted in business
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
how to check which item is sold by the sundry debtors in tally?