The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
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Answer Posted / srikar
Rent A/c. Dr. 12,000/-
Prepaid Rent A/c. Dr 3,000/-
To. Cash A/c. 15,000/-
(Being Actual rent is 12,000/- 3,000/-Rs. is considered
prepaid rent it is a Current Assets)
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