A company closing its acconts in december..its paying
10000/-as rent......in the month of august it paid 4 months
rent as advance...how will u account this

Answer Posted / anil

that time we accounting in only august month that entry is
coming Advance Rent a/c Dr.
To, cash/Bank a/c

this entry posting in Payment ledger

Is This Answer Correct ?    7 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How the MIS format made up in XL.

1458


why accounting is important in business?

651


What's the accounting entry when an Invoice is created in AR?

1588


what is valuation code and valuation modifier in sap fico

1975


What do you mean by Bill of Exchnage.How to manage ? Explain

1507






What is fractional code and how can i get a fractional code for a particular account?

1555


Which kind of transactions are not recorded in the books of account?

1424


At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

995


how to calculate the per unit cost of production

1235


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1412


how to individual capital account.

1839


How the Entry passed for Loss of Payment

1659


Tell us do you have any professional experience of this field?

596


Tell me how many types of business transactions are there in accounting?

600


how sales invoices adjusted against advance received from Debtor?

1476