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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 / ruchi sharma
Rent A/c - Rs.12,000
Prepaid Rent A/c - Rs. 3,000
to Cash a/c - Rs.15,000
In the month of march, entry will be
Rent A/c - Rs. 12,000
to Prepaid rent A/c - Rs. 3,000
Outstanding Rent A/c- Rs. 6,000
Cash A/c - Rs. 3,000
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